Freyr Energy Targets Solarization of 1,000+ Homes in Uttar Pradesh by March 2025
Freyr Energy, is set to significantly boost residential solar adoption in Uttar Pradesh. The company announced plans to solarize over 1,000 households by March 2025, building on its successful solarization of 10 villages in Lakhimpur and Bahraich districts, where it has achieved a total installed capacity exceeding 300 kW.
Freyr Energy has already made notable contributions to Uttar Pradesh’s solar landscape, with significant projects including Subharti (1 MW), Enertia (450 kW), and Brijbasi Art Press Ltd. (185 kW). With a cumulative installed capacity of 3.4 MW in the state, the company is now focusing on expanding its footprint in the residential sector.
To address financial barriers to solar adoption, Freyr Energy is offering Zero-cost EMI loan schemes and fast-tracked loan evaluations. The company’s customer-centric approach is facilitated through its tech platform, the FreyrEnergy App, which simplifies the entire solar installation process from initial consultation to post-installation services.
Freyr Energy’s efforts align with the ‘Uttar Pradesh Renewable Energy Policy’ (MPREP-2022), which targets 6,000 MW of installed rooftop solar projects by 2026-27. The company’s initiatives support the state government’s broader ambition of installing 22,000 MW of solar power projects by 2027.
“The Uttar Pradesh government’s proactive approach to solar energy is commendable,” said Radhika Choudary, Co-founder & Director of Freyr Energy. She further said, “The government’s ambitious target reflects a shared vision for a greener future. With schemes like PM Surya Ghar Yojana and additional state subsidies, residents can avail of up to Rs. 98,000 for a 3 kW system. These incentives are motivating more customers to transition to solar. At Freyr, we aim to make solar power accessible to every household.”
Freyr Energy has also strengthened its financial position with a recent equity investment of INR 58 Crores led by EDFI ElectriFI, with participation from Schneider Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures, and VT Capital. This financial backing is expected to further support the company’s ambitious expansion plans in Uttar Pradesh.
