KPI Green Energy Arm Secures 36.87 MW Captive Solar Projects
KPI Green Energy’s subsidiary Sun Drops Energia has secured Letters of Award/Intent for 36.87 MW of solar projects under its Captive Power Producer business. The projects are scheduled to be completed in FY25-26.
June 19, 2025. By Mrinmoy Dey
Among these, some projects will be developed in accordance with the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, as outlined in the Gujarat Renewable Energy Policy-2023 and GERC Tariff Order No. 5 and 6 of 2024, the company stated in a regulatory filing.
It further added that the projects are tentatively scheduled to be completed in the financial year 2025-26, in various tranches.
The company has over 950 MW of installed capacity and more than 2.95 GW of orders in hand.
In February 2025, KP Group, the parent company of KPI Green Energy, signed an MoU with the Madhya Pradesh government to develop 1.8 GW of renewable energy projects, including solar, wind, hybrid, BESS, and biomass.
In January 2025, the company also signed a memorandum of understanding (MoU) with the Government of Odisha for the establishment of Renewable Energy Parks in the district of Ganjam, Odisha.
KPI Green Energy reported a 70 percent increase in revenue to INR 1,755 crore from INR 1031 crore in the previous year, and a 101 percent jump in PAT from INR 162 crore to INR 325 crore.
KP Group plans to continue its aggressive expansion in solar, wind, hybrid, and offshore renewable energy projects. Earlier this month, KP Group signed three strategic Memoranda of Understanding (MOUs) with Delta Electronics India. This collaboration spans three high-impact areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure and solar PV Inverters.
“With over 1.8 GW of capacity already installed and another 3.8 GW of orders in hand, KP Group is well-positioned to maintain revenue visibility and profitability. The Group remains committed to building sustainable energy ecosystems, contributing meaningfully to the nation’s green energy transition, and creating sustainable value for all stakeholders,” the company said.
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