Ratul Puri(https://www.linkedin.com/in/puriratul), Chairman, Hindustan Power (https://www.ahmedabadmirror.com/ratul-puri-signs-mou-with-govt-of-assam-to-invest-rs-620-cr-in-solar-and-battery-energy-storage-projects/81888462.html) India's renewable energy(https://solarquarter.com/2025/11/18/indias-solar-future-and-emerging-trends-in-pv-growth-ratul-puri-chairman-hindustan-power/) sector is entering a new phase. Competitive tariffs, falling technology costs and growing investments have helped renewable power become a mainstream part of the country's energy mix. As renewable capacity continues to expand, the focus is now shifting towards how this electricity can be stored, transmitted and supplied when it is actually needed. According to Ratul Puri, Chairman of Hindustan Power (https://www.renewablemirror.com/ratul-puri-says-hindustan-power-interview/),India's power sector is going through a structural change. The focus is gradually moving from simply securing renewable generation at the lowest possible cost to creating a power system that can provide dependable, dispatchable and affordable clean energy. As renewable energy(https://m.thewire.in/article/ptiprnews/ratul-puri-on-the-changing-landscape-of-indias-energy-future/amp) becomes a larger part of the electricity mix, adding more generation capacity alone will not be enough. What matters increasingly is how effectively that capacity can support the wider power system and meet growing electricity demand. This becomes especially important as India works towards its 2030 non-fossil fuel capacity targets. Renewable energy(https://thewire.in/ptiprnews/ratul-puri-charts-a-decisive-pivot-in-indias-energy-transition) procurement is therefore beginning to move beyond a simple lowest-tariff model. The value of dependable power, balancing capability and the long-term economics of the overall system are becoming increasingly important considerations. This shift also means that the cost of renewable power(https://www.google.com/goto?url=CAESogEB6zswFR17kAe77ZOImEyv4b3bCkRC-zZpypnIBMYWIQE6kwjlTQbHJLOcNTNTESxbmhbFWt30ipUgf0SNZDKwHuOcs9D7EOccewDMSJ3lKDDNk8_Jxrfp00yHQ1jZK4LtSKMFt1mSPMvR9cdndjVga-80N4GuaFoxrCkMB-BGiaenYrlhY-r0jxJ4pxIGklDwnmfXIIIF_c0JgIuQJrNP69A) needs to be looked at differently. Assessing projects only on the basis of their tariffs is becoming less adequate as renewable energy penetration rises. Transmission limitations, intermittency, balancing requirements, storage requirements and the risk of curtailment can all influence the real cost of delivering renewable power. This is why looking at the lowest overall system cost is becoming increasingly important. Ratul Puri Chairman(https://thewire.in/ptiprnews/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability) points out that storage-backed renewable and hybrid projects can involve higher upfront costs, but they can also ease pressure on the wider power system. They can improve the use of renewable generation and make electricity more available when demand is high or when it is needed most. As a result, procurement approaches are increasingly considering capacity, operational flexibility and reliable power delivery along with competitive pricing. Hybrid projects that bring together solar, wind and battery storage(https://energetica-india.net/powerful-thoughts/online/ratul-puri) have an important role to play here. By combining different sources of generation with storage, these projects can help meet peak demand and provide cleaner, more dependable and dispatchable power. Flexibility services also deserve greater attention. Traditionally, services such as ramping reserves, frequency response and fast balancing were largely handled through conventional generation and system operations, without being separately valued. With renewable energy making up a growing share of the power mix, these services are becoming increasingly important for managing variability and keeping the grid stable. Energy storage will be a key part of this transition. Battery Energy Storage Systems (BESS) and pumped hydro storage can provide the flexibility required to integrate larger amounts of renewable power. They can help manage variability, reduce curtailment and make better use of clean energy. At the same time, expanding energy storage will require the right policy and regulatory support. Faster approvals, smoother regulatory processes, timely land and water clearances and continued development of renewable projects linked with storage will all be important for scaling up storage deployment. Read detailed article on: The Tribune: https://www.tribuneindia.com/news/business/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability The Wire: https://thewire.in/ptiprnews/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability PTI: https://www.ptinews.com/press-release/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability/3962023

India's energy transition(https://m.thewire.in/article/ptiprnews/ratul-puri-electricity-will-increasingly-become-the-backbone-of-economic-growth/amp) is entering a new stage, driven by two closely linked developments: rapidly increasing electricity demand and the expanding contribution of renewable energy (https://energetica-india.net/powerful-thoughts/online/ratul-puri). As manufacturing grows, digital infrastructure expands and electrification reaches sectors such as transportation, electricity is becoming increasingly important to India's economic growth. At the same time, the country is adding solar and wind capacity at a rapid pace, bringing significant opportunities while also creating new demands on the power system. Ratul Puri, Chairman of Hindustan Power (https://www.renewablemirror.com/ratul-puri-says-hindustan-power-interview/), has highlighted that India is moving towards an “era of electricity”, where renewable generation will increasingly depend on strong transmission networks, energy storage and smarter grid infrastructure. The broader point is clear: building generation capacity is only one part of the energy transition. India must also have the infrastructure to transmit, store and supply electricity when and where it is required. India's Evolving Power Landscape India's electricity demand is being shaped by economic growth, industrialisation, urbanisation and the wider adoption of electricity across different sectors. Industries require dependable power, while data centres and expanding digital infrastructure are creating additional electricity demand. The growing adoption of electric vehicles is also expected to influence the country's future power requirements. The International Energy Agency estimates that India's electricity demand will increase by an average of around 6.4% each year through 2030, with industry, cooling, households, services, agriculture and transport all contributing to this growth. Renewable energy (https://thewire.in/ptiprnews/ratul-puri-charts-a-decisive-pivot-in-indias-energy-transition) is playing an increasingly important role in meeting this rising demand. According to Ember's Global Electricity Review 2026, solar became India's largest source of clean electricity in 2025, contributing 9.4% of total electricity generation. Solar and wind together accounted for 14% of India's electricity mix. These figures reflect the pace at which renewable energy is expanding across India. However, they also raise an important question: how can larger volumes of variable renewable power be integrated into a grid when electricity demand does not always occur at the same time as renewable generation? Generation Capacity Is Only Part of the Transition Solar generation is at its strongest during daylight hours, while electricity demand can remain elevated or increase after sunset. This becomes particularly significant as cooling requirements rise. According to the IEA, India's summer peak net load generally occurs at around 8 p.m., by which time solar generation has declined significantly. Wind power also varies depending on weather conditions and geographic location. As renewable energy takes up a larger share of the electricity mix, the power system will therefore need greater flexibility to manage fluctuations in both supply and demand. This makes transmission infrastructure an increasingly important part of the energy transition. Many renewable energy projects are being developed in areas with strong solar and wind resources, while major industrial, commercial and urban demand centres are often located elsewhere. Electricity therefore needs to travel over longer distances, making the expansion, strengthening and modernisation of transmission networks essential. The Grid Is Becoming a Strategic Priority The impact of insufficient transmission infrastructure is already becoming evident. An Ember analysis estimated that India curtailed around 300 GWh of renewable electricity because of transmission constraints between January and March 2026, particularly across the Northern and Western regions. Overall renewable energy curtailment during the quarter was estimated at around 470 GWh, with the remaining amount linked to system inflexibility. This highlights a key issue for India's energy transition: renewable generation can grow more quickly than the infrastructure required to transmit and integrate that electricity into the wider power system. Ember also reported that India had achieved only around 80% of its annual transmission targets over the previous five years. This points to the importance of closer coordination between generation planning and transmission development. For policymakers and companies operating in the power sector, transmission is therefore becoming more than an infrastructure requirement. It is emerging as a strategic element of India's transition towards cleaner energy. Energy Storage and Smarter Grids

The Hindustan Power project involves a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) which it won through a tender in 2025. Hindustan Power, has achieved financial closure with the Indian Renewable Energy Development Agency (IREDA) for a debt of ₹1,135 crore. In a press release, Hindustan Power, an integrated power producers said the project involves a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) which it won through a tender in 2025. The Ratul Puri(https://www.ptinews.com/story/business/ratul-puri-on-the-changing-landscape-of-india%E2%80%99s-energy-future/4006434) led firm secured the financing for this project after around a year from commencing work on the 435 megawatt peak (MWp) solar power project in Lalitpur, Uttar Pradesh. It won this tender from Uttar Pradesh Power Corporation Ltd (UPPCL) in April 2025. The power from this project is exceted to be supplied from Lalitpur solar project for the next 25 years. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state's growing energy requirements through clean power generation. With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh's growing renewable energy capacity. Leadership View Commenting on the development, Ratul Puri, Chairman, Hindustan Power(https://m.thewire.in/article/ptiprnews/ratul-puri-on-the-changing-landscape-of-indias-energy-future/amp), said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. Uttar Pradesh is experiencing growing energy demand alongside an increasing focus on renewable energy, and projects of this scale will play an important role in strengthening the state's clean energy capacity. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.” Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India's evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.” About Ratul Puri Ratul Puri (https://dev.to/ratul_puri) is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri (https://www.linkedin.com/in/puriratul/) has been involved in the development of large-scale energy infrastructure projects that support India's growing power requirements and its transition toward cleaner energy sources. The similar news is covered by: Saur Energy: https://www.saurenergy.com/solar-energy-news/up-hindustan-power-achieves-financial-closure-of-rs-1135-cr-for-its-435-mwp-solar-project-12398546 PV Magazine: https://www.pv-magazine-india.com/2026/08/20/ratul-puri-led-hindustan-power-achieves-financial-closure-of-inr-1135-crore-for-its-435-mwp-solar-project-in-uttar-pradesh/ Business Standard: https://www.business-standard.com/companies/news/hindustan-power-announces-closure-of-1-135-cr-for-solar-project-in-up-126082000638_1.html Energetica: https://www.energetica-india.net/news/hindustan-power-achieves-financial-closure-for-435-mwp-solar-project-in-uttar-pradesh Economic Times: https://m.economictimes.com/industry/renewables/hindustan-power-announces-rs-1135-crore-financial-closure-for-solar-project-in-up/amp_articleshow/133372017.cms Money Rediff: https://money.rediff.com/news/market/hindustan-power-secures-rs-1-135-cr-for-up-solar-project/52839620260820 Solar Quarter: https://solarquarter.com/2026/08/20/hindustan-power-achieves-financial-closure-for-435-mwp-solar-project-in-uttar-pradesh/ Daily Excelsior: https://www.dailyexcelsior.com/hindustan-power-announces-rs-1135-cr-financial-closure-for-solar-project-in-up/ Freepress Journal: https://www.freepressjournal.in/business/hindustan-power-announces-1135-crore-financial-closure-for-solar-project-in-uttar-pradesh DailyHunt: https://m.dailyhunt.in/news/india/english/pti+english-epaper-ptien/hindustan+power+announces+rs+1135cr+financial+closure+for+solar+project+in+up-newsid-n723959411 Renewable Mirror: https://www.renewablemirror.com/ratul-puri-led-hindustan-power-achieves-financial-closure-of-%e2%82%b91135-crore-for-its-435-mwp-solar-project-in-uttar-pradesh/ Power Technology: https://www.power-technology.com/news/hindustan-power-financing-435mwp-solar-india/ MVA Pulse: https://www.mvapulse.com/hindustan-power-secures-%E2%82%B91135-crore-for-435-mwp-solar-project/ Power Peak: https://powerpeakdigest.com/hindustan-power-secures-1135-crore-solar-debt/

Ratul Puri, Chairman, Hindustan Power India's energy landscape is undergoing a significant transformation. Rising electricity demand, expanding industrial activity, and the growing adoption of cleaner power are reshaping the country's energy priorities. Meeting this demand will require not only greater generation capacity but also a more diverse and resilient energy infrastructure capable of supporting economic growth while accelerating the shift towards cleaner sources. This transition is already gaining momentum. India has crossed 300 GW of installed non-fossil fuel-based power capacity, reaching around 60% of its 500 GW target for 2030. The progress reflects the increasingly important role of clean energy in meeting the country's future power requirements. And, Uttar Pradesh sits at the heart of this transformation. One of India's most populous states, it is witnessing rising demand for electricity while steadily expanding its renewable energy capacity. It is against this changing energy landscape that Hindustan Power is developing a 435 MWp/300 MW solar power project in Lalitpur district. The project has now reached a significant stage, with the Indian Renewable Energy Development Agency (IREDA) sanctioning ₹1,135 crore in debt and Hindustan Power achieving financial closure. Work is already underway and is progressing according to the planned development schedule. Awarded to Hindustan Power through a competitive bidding process in 2025, the project is among the largest solar projects being developed in Uttar Pradesh. It has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL), providing a framework for supplying clean power to the state as its energy requirements continue to grow. For Hindustan Power Chairman Ratul Puri, the project reflects the direction in which India's energy needs are moving. Uttar Pradesh is having to accommodate rising electricity demand while simultaneously increasing its reliance on renewable energy. Large-scale projects such as Lalitpur can help bridge these two imperatives by adding substantial clean generation capacity to the energy mix. There is also a larger idea behind the project. India's energy transition will not be defined by renewable capacity alone. It will depend on how effectively that capacity can be developed, integrated and deployed to meet the needs of a growing economy. Ratul Puri Chairman has emphasised the importance of building reliable, efficient and sustainable generation capacity as India reshapes its energy mix. That places execution at the centre of the transition. With construction underway, the focus now turns to delivering the Lalitpur project on schedule and translating the investment into additional clean power capacity for Uttar Pradesh. The ₹1,135 crore financial closure comes as Hindustan Power continues to expand across renewable and transitional energy generation. The company is pursuing large-scale energy infrastructure projects designed to support India's growing power requirements while contributing to its broader energy transition. The impact of the Lalitpur project is expected to extend beyond the electricity it will generate. Its development is likely to support regional economic activity and create employment opportunities for local communities, bringing a wider economic dimension to the investment. About Ratul Puri: Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri has been involved in the development of large-scale energy infrastructure projects that support India's growing power requirements and its transition toward cleaner energy sources. About Hindustan Power: Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India's energy transformation. Read full article on: The Wire: https://m.thewire.in/article/ptiprnews/ratul-puri-on-the-changing-landscape-of-indias-energy-future/amp PTI: https://www.ptinews.com/story/business/ratul-puri-on-the-changing-landscape-of-india%E2%80%99s-energy-future/4006434 The Tribune: https://www.tribuneindia.com/news/business/ratul-puri-on-the-changing-landscape-of-indias-energy-future/ Lokmat Times: https://www.lokmattimes.com/business/ratul-puri-on-the-changing-landscape-of-indias-energy-future/ News X World: https://world.newsx.com/bl-news/ratul-puri-on-the-changing-landscape-of-indias-energy-future-228130/

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The Hindustan Power project involves a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) which it won through a tender in 2025. Hindustan Power, has achieved financial closure with the Indian Renewable Energy Development Agency (IREDA) for a debt of ₹1,135 crore. In a press release, Hindustan Power, an integrated power producers said the project involves a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) which it won through a tender in 2025. The Ratul Puri led firm secured the financing for this project after around a year from commencing work on the 435 megawatt peak (MWp) solar power project in Lalitpur, Uttar Pradesh. It won this tender from Uttar Pradesh Power Corporation Ltd (UPPCL) in April 2025. The power from this project is exceted to be supplied from Lalitpur solar project for the next 25 years. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state's growing energy requirements through clean power generation. With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh's growing renewable energy capacity. Leadership View Commenting on the development, Ratul Puri, Chairman, Hindustan Power, said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. Uttar Pradesh is experiencing growing energy demand alongside an increasing focus on renewable energy, and projects of this scale will play an important role in strengthening the state's clean energy capacity. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.” Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India's evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.” About Ratul Puri Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri has been involved in the development of large-scale energy infrastructure projects that support India's growing power requirements and its transition toward cleaner energy sources. About Hindustan Power Hindustan Power is an integrated power generation company with a presence across renewable and transitional energy assets. The company continues to invest in energy infrastructure that supports reliability, sustainability and long-term value creation within India's evolving power sector. The similar news is covered by: Saur Energy: https://www.saurenergy.com/solar-energy-news/up-hindustan-power-achieves-financial-closure-of-rs-1135-cr-for-its-435-mwp-solar-project-12398546 PV Magazine: https://www.pv-magazine-india.com/2026/08/20/ratul-puri-led-hindustan-power-achieves-financial-closure-of-inr-1135-crore-for-its-435-mwp-solar-project-in-uttar-pradesh/ Business Standard: https://www.business-standard.com/companies/news/hindustan-power-announces-closure-of-1-135-cr-for-solar-project-in-up-126082000638_1.html Energetica: https://www.energetica-india.net/news/hindustan-power-achieves-financial-closure-for-435-mwp-solar-project-in-uttar-pradesh Money Rediff: https://money.rediff.com/news/market/hindustan-power-secures-rs-1-135-cr-for-up-solar-project/52839620260820 Solar Quarter: https://solarquarter.com/2026/08/20/hindustan-power-achieves-financial-closure-for-435-mwp-solar-project-in-uttar-pradesh/ Daily Excelsior: https://www.dailyexcelsior.com/hindustan-power-announces-rs-1135-cr-financial-closure-for-solar-project-in-up/ Freepress Journal: https://www.freepressjournal.in/business/hindustan-power-announces-1135-crore-financial-closure-for-solar-project-in-uttar-pradesh Economic Times: https://m.economictimes.com/industry/renewables/hindustan-power-announces-rs-1135-crore-financial-closure-for-solar-project-in-up/amp_articleshow/133372017.cms DailyHunt: https://m.dailyhunt.in/news/india/english/pti+english-epaper-ptien/hindustan+power+announces+rs+1135cr+financial+closure+for+solar+project+in+up-newsid-n723959411 Renewable Mirror: https://www.renewablemirror.com/ratul-puri-led-hindustan-power-achieves-financial-closure-of-%e2%82%b91135-crore-for-its-435-mwp-solar-project-in-uttar-pradesh/ Power Technology: https://www.power-technology.com/news/hindustan-power-financing-435mwp-solar-india/ MVA Pulse: https://www.mvapulse.com/hindustan-power-secures-%E2%82%B91135-crore-for-435-mwp-solar-project/

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India is entering a new phase of its energy transition, shaped by two powerful and interconnected trends: rapidly rising electricity requirements and the growing role of renewable energy. As manufacturing expands, digital infrastructure grows and electrification spreads across sectors such as transport, electricity is becoming increasingly central to India's economic development. At the same time, the country is adding solar and wind capacity at an unprecedented pace, creating both opportunities and new challenges for the power system. Ratul Puri, Chairman of Hindustan Power (https://www.tribuneindia.com/news/business/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability), has argued that India is moving towards an “era of electricity” in which renewable generation will need to be supported by transmission infrastructure, energy storage and smarter grid systems. The underlying idea is straightforward: adding generation capacity is only part of the transition. India must also ensure that electricity can be moved, stored and delivered when and where it is needed. India's Changing Power Landscape India's electricity demand is being driven by a combination of economic growth, industrialisation, urbanisation and increasing electrification. Manufacturing needs dependable power, while data centres and other digital infrastructure are creating new sources of electricity demand. The expanding use of electric vehicles will add another dimension to this changing demand profile. The International Energy Agency expects India's electricity demand to grow by an average of around 6.4% annually through 2030, with industry, cooling, households, services, agriculture and transport all contributing to the increase. Renewable energy (https://www.facebook.com/puriratul/videos/ratul-puri-chairman-of-hindustan-power-on-transition-in-the-energy-landscape/1271569824484027/) is becoming an increasingly important part of meeting this demand. According to Ember's Global Electricity Review 2026, solar became India's largest source of clean electricity in 2025, accounting for 9.4% of total electricity generation. Wind and solar together accounted for 14% of India's electricity mix. These numbers demonstrate the scale of India's renewable energy expansion. But they also highlight a more complex question: how can increasing volumes of variable renewable electricity be integrated into a power system where demand does not always coincide with renewable generation? Generation Is Only One Part of the Transition Solar power is strongest during the day, while electricity demand can remain high or rise after sunset. This is becoming particularly important as cooling demand increases. The IEA notes that India's summer peak net load typically occurs around 8 p.m., when solar generation is no longer available. Wind generation, meanwhile, varies according to weather conditions and location. This means that a power system with a growing share of renewable energy needs greater flexibility to balance fluctuations in both generation and demand. Transmission infrastructure therefore becomes just as important as generation capacity. Much of India's renewable generation is being developed in regions with strong solar and wind resources, while major industrial, commercial and urban demand centres may be located elsewhere. Electricity must consequently travel across increasingly long distances, making the expansion and modernisation of transmission networks essential to the country's energy transition (https://www.outlookbusiness.com/spotlight/news-wire/ratul-puri-on-renewable-energy-the-next-phase-of-growth-will-be-reliable-power-delivery). The Grid Is Becoming a Strategic Priority The consequences of inadequate transmission capacity are already becoming visible. An Ember analysis found that India curtailed around 300 GWh of renewable electricity because of transmission constraints during January to March 2026, particularly in the Northern and Western regions. Total renewable energy curtailment during the quarter was estimated at around 470 GWh, with the remainder attributed to system inflexibility. About Ratul Puri Ratul Puri (https://x.com/puri_ratul?lang=en) is the Chairman of Hindustan Power (https://www.outlookbusiness.com/spotlight/news-wire/ratul-puri-on-renewable-energy-the-next-phase-of-growth-will-be-reliable-power-delivery), an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri (https://www.forbesindia.com/about/ratul-puri) has been involved in the development of large-scale energy infrastructure projects that support India's growing power requirements and its transition toward cleaner energy sources. Read full article on this source: https://ratulpuri.substack.com/p/ratul-puri-on-renewable-energy-and?r=475b82&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

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Ratul Puri, Chairman, Hindustan Power India's renewable energy story is entering a new phase. Competitive tariff auctions, declining costs and strong investments have helped renewable energy become mainstream. As renewable capacity continues to grow, greater attention is now being given to how this power can be stored, transmitted and delivered when it is needed. According to Ratul Puri, Chairman of Hindustan Power, India's energy landscape is undergoing a structural shift from prioritising the lowest cost renewable generation to building a power system that delivers dependable, dispatchable and affordable clean energy. As renewable energy penetration increases, the power sector can no longer remain focused only on adding generation capacity. The emphasis is increasingly on how effectively that capacity can serve the wider power system and meet rising electricity demand. This is particularly relevant as India progresses towards its 2030 non-fossil fuel capacity goals. Renewable energy procurement is therefore gradually moving beyond a lowest tariff approach to one that considers the value of dependable power, balancing capability and long-term system economics. This also changes how the cost of renewable power needs to be assessed. Evaluating projects solely on tariff competitiveness is no longer sufficient as renewable integration grows. Transmission constraints, intermittency, balancing requirements, storage needs and curtailment risks all have a bearing on the actual cost of delivering power. This makes a lowest systemic cost approach increasingly relevant. Chairman Ratul Puri says that Storage-backed renewable and hybrid projects may carry a higher upfront cost but can reduce pressure on the wider power system, improve the utilisation of renewable energy and strengthen the availability of power when it is needed. Procurement strategies are consequently beginning to place greater value on capacity, operational responsiveness and dependable power delivery alongside competitive pricing. Hybrid projects that combine solar, wind and battery storage are particularly important in this context as they can help meet peak demand while providing reliable and dispatchable clean power. Flexibility services also need greater recognition. These services were traditionally managed through conventional generation and system operations without being explicitly valued. In a power system with increasing renewable penetration, ramping reserves, frequency response and fast response balancing services are becoming essential to manage variability and maintain system performance. Energy storage will be central to this transition. Battery Energy Storage Systems (BESS) and pumped hydro storage can provide the capacity needed to integrate more renewable power by reducing variability, minimising curtailment and improving clean energy utilisation. However, expanding storage deployment will require supportive policy frameworks, faster regulatory approvals, streamlined land and water clearances and continued expansion of storage-linked renewable projects. Grid readiness remains another serious issue. Several Indian states have significant solar and wind potential, but inadequate transmission infrastructure can delay project connectivity and power evacuation. States therefore need to play a more proactive role in planning and commissioning intrastate transmission networks that are aligned with renewable project timelines and national transmission planning. Transmission upgrades alone will not be enough. Distribution infrastructure will also need to be strengthened through modern transmission lines, substations and transformers. This will improve renewable energy evacuation, reduce congestion and losses and support the integration of distributed solar power. Ratul Puri added that a more responsive power system will also require stronger ancillary service markets. Expanding mechanisms for ramping reserves, frequency response and fast response balancing services will help manage renewable variability and enable higher levels of renewable energy penetration. About Ratul Puri Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri has been involved in the development of large-scale energy infrastructure projects that support India's growing power requirements and its transition toward cleaner energy sources. Read full article on:- The Tribune - https://www.tribuneindia.com/news/business/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability The Wire - https://thewire.in/ptiprnews/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability The Daily Guardian- https://thedailyguardian.com/business/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability-747502/ PTI- https://www.ptinews.com/press-release/ratul-puri-beyond-low-cost-power-to-clean-energy-reliability/3962023

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Record-breaking bids and increasing investments helped bring renewable energy into the mainstream. Authored by Ratul Puri, Chairman, Hindustan Power In this article, Ratul Puri shares his perspective on how India's renewable energy transition must now prioritize flexibility, reliability, and grid resilience alongside clean energy expansion. India's renewable energy (RE) sector is undergoing a quiet but significant transformation. The journey began with robust tariff auctions that made solar and other clean energy sources commercially competitive. Recordbreaking bids and increasing investments helped bring renewable energy into the mainstream The silent, systemic shift As RE penetration deepens, the next phase of the energy transition presents a new challenge. The focus is no longer limited to low-cost generation. Instead, the grid now requires reliable, dispatchable power that can support stable operations and consistently meet rising demand. This marks a transition from a purely cost-competitive model to a valuebased power system. Historically, tariffs did not fully account for critical factors such as storage costs, transmission congestion, intermittency management, balancing requirements, and curtailment risks. While storage-backed or hybrid renewable solutions may appear expensive upfront, they significantly reduce systemic stress and enhance grid efficiency over time. Consequently, procurement priorities are shifting. Greater emphasis is now placed on capacity value, flexibility, and reliability rather than just headline tariffs. This transition reflects a maturing market adapting to the evolving needs of a high-RE power system, especially as India advances towards its 2030 non-fossil fuel capacity goals. What is driving this shift? The sector is moving from a lowest-tariff framework to a lowestsystemic-cost approach. Traditional levelised cost of energy (LCOЕ) metrics fail to capture hidden costs such as transmission bottlenecks, K intermittency, and curtailment risks. The focus is now on the total cost of delivering reliable power, including storage, balancing, transmission, and integration expenses. Reliability has emerged as a key requirement. With increasing RE penetration, the grid needs power that is dependable, dispatchable, and available on demand. Hybrid solutions-such as solar-wind combinations integrated with battery storage are increasingly preferred over standalone projects, as they ensure power availability during peak demand periods. Flexibility, once managed implicitly within the system, is now gaining formal recognition. Earlier, coal plants adjusted output, hydro power balanced fluctuations, and system operators handled variability in real time. However, these services were neither explicitly valued nor compensated. That is now changing. The role of storage and infrastructure Energy storage has become central to ensuring round-the-clock power supply. Battery energy storage systems (BESS) and pumped hydro projects are critical for reducing variability, curbing curtailment, and improving RE utilisation. States must prioritise new tenders for such projects, while also expediting land, water, and regulatory approvals for storage-linked developments. Central policies can further support this transition. Measures such as interstate transmission charge waivers for storage projects and the integration of storage into planning frameworks are essential. Additionally, grid modernisation - through improved transmission capacity, better demand forecasting, and enhanced grid managementwill be key to accelerating progress. For more information read full article on this source: https://energy.economictimes.indiatimes.com/news/renewable/indias-renewable-energy-transition-balancing-flexibility-and-reliability/132755691

India's renewable energy sector has entered a new phase of growth. Over the past decade, the country has made significant progress in expanding solar and wind capacity, strengthening its position as one of the world's fastest-growing renewable energy markets. However, as renewable capacity continues to increase, greater emphasis needs to be placed on building an energy system that can efficiently transmit, store and deliver electricity. Ratul Puri, Chairman of Hindustan Power , believes that India's energy transition will depend on strengthening the complete power ecosystem, including transmission infrastructure, grid flexibility and energy storage solutions. “Renewable energy growth must be supported by the infrastructure required to absorb and deliver power efficiently. The focus has to move from capacity creation to effective power delivery,” said Ratul Puri India added more than 54 GW of renewable energy capacity between April 2025 and March 2026, reflecting the country's strong momentum in clean energy deployment. However, rapid capacity addition has also highlighted challenges associated with transmission availability, grid balancing and renewable energy utilisation. The growing instances of renewable energy curtailment indicate that generation capacity alone cannot determine the success of the energy transition. Without adequate transmission networks and flexibility solutions, a portion of the electricity generated from renewable sources may not reach consumers when it is available. Curtailment Highlights the Need for Stronger Energy Infrastructure According to Ember data, India curtailed around 300 GWh of renewable energy during the first quarter of 2026 due to transmission constraints. The data highlights the importance of strengthening evacuation infrastructure as renewable capacity expands across the country. Renewable-rich states with high solar and wind potential require advanced transmission systems to ensure that electricity generated in these regions can be transported efficiently to demand centres. The challenge is becoming more visible as India continues to add renewable capacity at a rapid pace. During 2025-26, India added 52,537 MW of generation capacity across all sources until January 31, 2026. Renewable energy accounted for 39,657 MW of this addition, including 34,955 MW of solar capacity and 4,613 MW of wind capacity. This growth demonstrates India's ability to scale renewable energy deployment. At the same time, it highlights the importance of creating a power infrastructure capable of managing higher levels of variable renewable generation. "Capacity addition is a significant step forward, but the value of renewable energy depends on how effectively it can be integrated into the grid and delivered to consumers," said Ratul Puri . Transmission and Grid Flexibility Will Define the Next Stage Solar and wind energy generation varies depending on weather conditions and time of the day. While solar power generation peaks during daylight hours, electricity demand often increases during evening periods when solar output declines. Managing this variation requires a combination of stronger transmission networks, advanced forecasting systems, flexible generation resources and energy storage technologies. Ember's analysis highlighted the impact of grid flexibility challenges in India's renewable energy sector. According to the Ember data, India curtailed 2.3 TWh of solar power between May and December 2025 due to challenges in managing increased daytime solar generation and limited grid flexibility. This amount of electricity could have supplied power to nearly 400,000 households for a year. These figures highlight the importance of developing an integrated approach where renewable generation growth moves alongside investments in supporting infrastructure. “Renewable energy requires a complete ecosystem. Transmission, storage and grid management solutions have to progress alongside generation capacity to create a reliable and efficient electricity system,” Ratul Puri added. For India, which is witnessing rising electricity consumption due to industrial growth, electrification of transportation and expansion of digital infrastructure, storage will be essential for maintaining grid stability. About Ratul Puri Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri has been involved in the development of large-scale energy infrastructure projects that support India's growing power requirements and its transition toward cleaner energy sources. This content is taken by this source: https://energy.economictimes.indiatimes.com/news/renewable/ratul-puri-on-renewable-energy-the-next-phase-of-growth-will-be-reliable-power-delivery/132729823

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