KPI Green’s Arm Secures 62.20 MW Solar Project Order

KPI Green Energy’s subsidiary, Sun Drops Energia Private Limited, has bagged an order to develop solar power projects with a cumulative capacity of 62.20 MW. These projects fall under the Captive Power Producer (CPP) segment and are expected to be completed in the financial year 2025-26, executed in phases as per the agreement.

The company’s latest project order increases its total capacity under the CPP segment to 152.34 MW. These projects were secured under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, part of the Gujarat Renewable Energy Policy 2023, and comply with GERC Tariff Orders No. 5 and 6 of 2024.

Recent Projects and Developments

KPI Green Energy has been active in the solar energy space, with projects coming online recently. Earlier this year, it commissioned a 15 MW solar project in collaboration with Gujarat-based Aether Industries, featuring AutoTracker Modules. In another development, Coal India Limited awarded the company a contract to set up a 300 MW solar project in Gujarat’s Khavda region. This project stemmed from a tender released by Gujarat Urja Vikas Nigam Ltd.

Current Capacity and Order Book

The addition of this latest order brings KPI Green Energy’s cumulative order book in the CPP segment to 1.60 GW. All current projects remain focused on the domestic market. The company has yet to reveal detailed plans for international expansion but has acknowledged receiving inquiries from global players.

KPI Green Energy Ltd is trading at ₹433.00, up 1.01% today as of 1:53 PM, with a 36.98% rise over the past year but a 36.28% dip in the last six months.

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