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KPI Green Energy Receives LoIs for 7 MW Solar Projects

KPI Green Energy’s subsidiary Sun Drops Energia will develop the 7 MW solar projects for which it received Letters of Intent from Wolkem India and Mahadev Texo Fab.

September 03, 2024. By EI News Network

KPI Green Energy Ltd. has informed that it has received letters of intent for developing 7 MW solar power projects from Wolkem India Ltd. and Mahadev Texo Fab. Sun Drops Energia Pvt. Ltd., a wholly-owned subsidiary of the company shall develop the projects as per the terms of the order.

 “We are pleased to announce that Sun Drops Energia Pvt. Ltd., a wholly-owned subsidiary of KPI Green Energy Ltd., has received Letters of Intent for executing solar power projects with a cumulative capacity of 7 MW under the ‘Captive Power Producer (CPP)’ business segment of the Company,” informed the company in a regulatory filing.

According to the filing, the projects are scheduled to be completed in the financial year 2024-25, in various tranches.

KPI Green Energy is a Gujarat-based solar and hybrid power generating company. Incorporated in 2008, the company develops, builds, owns, operates and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name ‘Solarism'.
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