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Home › Renewable energy ›KPI Green Energy Secures INR 1,050 Cr LoI for 600 MW Solar Plus Storage Project from FVE Lifecare

KPI Green Energy Secures INR 1,050 Cr LoI for 600 MW Solar Plus Storage Project from FVE Lifecare

KPI Green Energy, part of KP Group, has received a letter of intent from UAE-based FVE Lifecare General Trading, a part of F Plus Group, for a 600 MW Round-the-Clock (RTC) green power project worth about INR 1,050 crore.

October 30, 2025. By Mrinmoy Dey

KPI Green Energy, a part of KP Group, has announced that the company has received a letter of intent for a 600 MW Round-the-Clock (RTC) green power project, valued at approximately INR 1,050 crore, from FVE Lifecare General Trading, a UAE-based entity and part of the F Plus Group.

KP Group has already entered into a Memorandum of Understanding (MoU) with F Plus Healthcare Technologies, the company said in a regulatory filing.

This project highlights KPI’s capability to deliver large-scale, innovative renewable energy solutions tailored for advanced technology and life sciences infrastructure worldwide. The project will involve captive and group-captive utilisation of power for F Plus facilities worldwide, it said.

The project is proposed to be structured through a mutually agreed Power Purchase Agreement (PPA), Joint Venture, or strategic investment framework, and will be executed in a phased manner aligned with the global expansion plans of FVE Lifecare, the company stated.

As part of the agreement, KPI Green Energy will design, develop, finance, and commission the integrated Solar + BESS infrastructure delivering reliable RTC power, while FVE will execute long-term energy offtake agreements (power purchase agreements) to ensure the project’s bankability and sustainability.

The project combines cutting-edge Solar PV with Battery Energy Storage Systems (BESS), enabling the delivery of continuous, 24/7 carbon-neutral energy across diverse global markets. Beyond power generation, KPI Green Energy will pursue monetisation of carbon credits, Renewable Energy Certificates (RECs), and green certifications compliant with international frameworks such as IRENA and UNFCCC, it said.

The collaboration marks KPI’s entry into high-growth sectors such as modular data centres, healthcare innovation, and life sciences, powering cutting-edge digital and scientific infrastructure.

Initial deployment is scheduled in India’s Gujarat, Rajasthan, and Andhra Pradesh, with plans to replicate this scalable model throughout Asia, the Middle East, GCC, and Africa.

Tags:

Solar PV

KPI Green Energy

KP Group

FVE Lifecare General Trading

F Plus Group

Solar plus BESS projects

RTC Renewable Project