The Indian renewable energy landscape continues to evolve rapidly, supported by government policies, ambitious sustainability commitments, and increasing private sector participation. In a significant development for the sector, KPI Green Energy Limited, a well-established renewable power producer, and Inox Solar Limited, a leading solar module manufacturer under the INOXGFL Group, have announced a major collaboration. Both companies have formally entered into a Memorandum of Understanding (MoU) to jointly develop 2.5 gigawatts (GW) of solar and hybrid renewable energy projects across various states in India.

This strategic partnership marks an important milestone in the nation’s green energy journey. It highlights how integrated collaborations between developers and manufacturers can accelerate project delivery, improve efficiency, and support India’s broader sustainability objectives. The announcement has generated significant interest among stakeholders in renewable infrastructure, the stock market, and large-scale industrial power consumers.

Background of the Collaboration

According to the press release issued on November 19, 2025, KPI Green Energy and Inox Solar have agreed to combine their unique strengths in order to deliver high-quality and large-scale renewable energy assets. KPI Green Energy has built a strong reputation in solar, wind, and hybrid renewable project development. Over the years, the company has delivered numerous projects under its various business verticals, including independent power producer (IPP) models and captive power arrangements. Its expertise includes project development, land acquisition, statutory approvals, grid connectivity, EPC execution, and long-term O&M services.

On the other hand, Inox Solar Limited is backed by the diversified INOXGFL Group, known for its technological capabilities and industry presence spanning fluoropolymers, chemicals, renewable power, wind energy equipment manufacturing, and solar solutions. As a recognised manufacturer of advanced solar modules, Inox Solar is well-positioned to supply high-performance photovoltaic technology for large installations. The company’s access to sophisticated manufacturing facilities and experience in delivering reliable renewable equipment makes it a preferred partner for developers across the country.

By bringing together these two organisations, the MoU aims to create a robust and scalable platform that can deliver utility-scale renewable energy projects with improved speed and operational efficiency.

Scope of Responsibilities Under the MoU

Under the terms of the understanding reached by both companies, KPI Green Energy will be responsible for several critical aspects of project execution. These include:

• Securing grid connectivity approvals, an essential component for integrating renewable assets with state and national transmission networks.

• Land acquisition, which often poses major challenges in large-scale renewable energy development.

• Right-of-way (ROW) management, helping ensure that transmission infrastructure and other project elements can be developed without conflict or interruption.

• Obtaining statutory approvals, covering a wide spectrum of regulatory and environmental clearances.

• Engineering, Procurement, and Construction (EPC) responsibilities, ensuring that the project is built to high-quality standards.

• Supply of steel structures (solar MMS), reinforcing KPI’s manufacturing capabilities within the solar infrastructure ecosystem.

• Long-term Operations and Maintenance (O&M) to ensure sustained generation performance over the project lifecycle.

Meanwhile, Inox Solar Limited will play a central role by supplying the solar modules that will be used in these projects. As modules account for a significant portion of project cost and performance, the partnership allows KPI Green Energy to secure reliable, high-efficiency products for its upcoming installations.

This clear division of responsibilities allows both companies to utilise their specialised capabilities effectively, reducing execution risk, improving timelines, and ensuring consistent quality. Furthermore, such integrated solutions are increasingly in demand as industrial and commercial consumers seek reliable renewable energy options.

Strategic Impact on the Renewable Energy Ecosystem

The collaboration represents more than just a commercial agreement. It signals a growing trend within the energy sector, where developers and equipment manufacturers are partnering to create value-driven, end-to-end renewable energy ecosystems. By offering an integrated combination of development, manufacturing, and operational expertise, the partnership is expected to:

• Reduce project development cycles, as internal coordination is improved.

• Enhance reliability due to consistent use of high-quality components.

• Facilitate large-scale project rollouts in multiple Indian states.

• Strengthen domestic manufacturing, supporting India’s Atmanirbhar Bharat initiative.

• Increase investor confidence as vertically integrated projects often demonstrate higher operational stability.

India has set ambitious renewable energy targets, including expanding its solar and hybrid capacity to meet long-term climate and energy security commitments. Partnerships like the one between KPI and Inox Solar contribute meaningfully to this national agenda.

Statements from Leadership

Highlighting the importance of the MoU, Dr. Faruk G. Patel, Chairman and Managing Director of KPI Green Energy, emphasised the company’s vision for accelerating India’s energy transition. He noted that the partnership aligns closely with KPI’s mission to build large-scale renewable assets and strengthen the integrated execution model that the company is known for. He described the MoU as a powerful platform for delivering high-quality solar and hybrid energy projects, made possible by combining KPI’s strong on-ground development expertise with Inox Solar's manufacturing excellence.

Similarly, Mr. Kailash Tarachandani, Group CEO Renewables at INOXGFL Group, expressed confidence in the partnership. He highlighted that the synergy between KPI’s development capabilities and Inox Solar’s engineering depth creates a strong foundation for delivering technologically sound and scalable clean-energy solutions. His statement underlined the shared commitment of both organisations to support India’s renewable energy expansion while maintaining high product and project standards.

About the Companies

The INOXGFL Group, with a legacy spanning over 90 years, has diversified business operations across multiple industries. Its involvement in renewable energy, including wind and solar manufacturing as well as green power generation, reflects its commitment to sustainability and technological progress. With three listed companies and a growing portfolio in solar manufacturing and project development, the group continues to be a significant player in India’s renewable energy space.

KPI Group, established in 1994 by Dr. Faruk G. Patel, has steadily expanded its presence across renewable infrastructure, hybrid energy, battery storage, and green hydrogen. The group’s strong project portfolio and long-term commitment to India’s clean energy goals make it an influential entity in the renewable sector. KPI Green Energy, as part of this group, has consistently built a reputation for reliable execution and customer-focused solutions.

Conclusion

The MoU between KPI Green Energy Limited and Inox Solar Limited marks the beginning of a high-impact collaboration in India’s renewable energy sector. By combining project development strength with advanced manufacturing capabilities, the partnership aims to accelerate the delivery of 2.5 GW of solar and hybrid renewable energy projects across the country.

This strategic move is expected to benefit not only the two companies but also India’s clean energy ecosystem as a whole. As the nation pushes forward toward achieving sustainability targets, collaborations like this serve as essential building blocks for creating reliable, efficient, and large-scale renewable infrastructure.

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