UP to generate 22,000 MW solar power over five years

21 Nov 2022 CW Team

Uttar Pradesh aims to generate 22,000 MW solar power over the next five years under the state government’s solar policy 2022. This will include 14,000 MW through establishment of solar parks, 4,500 MW through rooftop solar projects in residential areas, 1,500 MW through non-residential rooftop projects and 2,000 MW through the PM Kusum Yojana. The UP Solar Policy-2022 will be applicable for five years.

In addition to financial aid from the Centre, state government contribution of Rs 15,000 per KW, up to a maximum of Rs 30,000 per consumer has been approved. Government buildings and all educational institutes have been allowed to set up rooftop solar systems on the net metering system.

For the solarisation of separate agricultural feeder Kusum C-2, the policy has a provision of viability gap funding of Rs 50 lakh per MW. For solarisation of private on-grid pump, a subsidy of 70% for farmers from the Musahar, Vantangia and SC communities has been provided, and a subsidy of 60% for other farmers. A total of Rs 1,000 crore can be given during the five years of the policy.

Real Estate

13 Feb 2026

Reliance MET City Launches Metropolis Project In Haryana

Reliance MET City (RMC) has launched Metropolis, an integrated mixed-use project in Haryana that is expected to redefine the regional urban landscape. RMC said the development will combine residential, commercial and leisure components to meet rising demand for organised urban spaces. The project has been positioned to benefit from existing and planned transport links and municipal infrastructure, and aligns with regional plans for sustainable urbanisation. Company representatives framed the initiative as part of a broader expansion strategy in northern India. The Metropolis project will inco..

Radiance Renewables Raises 100 Million Dollars for Expansion

Eversource-backed Radiance Renewables has secured 100 million dollars (100 mn dollars) in funding from Impact Fund Denmark and FMO to support its expansion. The investment will bolster the company's capital base and enable acceleration of project development and deployment. Radiance Renewables is positioning itself to scale its renewable energy portfolio and strengthen operational capabilities. The funding round reflects growing investor appetite for climate-focused infrastructure. Impact Fund Denmark and FMO are established impact investors that channel capital into sustainable energy projec..

Temasek-led Consortium in Talks for Rs 15 bn Pre-IPO Round

A Temasek-led consortium is in advanced talks to invest Rs 15 billion (Rs 15 bn) in Clean Max Enviro Energy in a pre-initial public offering funding round, according to people familiar with the matter. The prospective financing is intended to provide capital for operational expansion and to strengthen the company's balance sheet ahead of a planned public listing. The discussions reflect continued investor appetite for renewable energy platforms in the region. Clean Max Enviro Energy is a renewable energy developer that provides sustainable power solutions to commercial and industrial customer..