KPI Green Energy Limited, a significant player in the renewable energy sector, has announced a major development in its Captive Power Producer (CPP) business segment. The company, through its subsidiary Sun Drops Energia Private Limited, has secured Letters of Award/Intent for the development of solar power projects with a combined capacity of 32.15 MW. This is a significant milestone in the company’s effort to expand its footprint in the rapidly growing solar energy sector.

Details of the Solar Power Projects

As per the recent disclosure to the BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, KPI Green Energy has secured the Letters of Award for a series of solar power projects. These projects will be developed under the Captive Power Producer (CPP) segment.

The companies that have awarded these contracts include well-established firms such as M/s Aditya Ultra Steel Pvt. Ltd., M/s Suraj Dyeing & Printing Ltd., and M/s Sunita Processors Pvt. Ltd., among others. These projects are in line with KPI Green Energy's focus on expanding its renewable energy portfolio and advancing the solar power generation capabilities in India.

Project Execution Timeline

The total capacity of these projects is 32.15 MW, with a tentative completion timeline set for the financial year 2025-26. The solar power plants will be developed in various tranches, with completion expected as per the contractual terms.

This significant order comes as part of the company’s commitment to boosting sustainable energy solutions and contributing to India’s renewable energy goals. The projects will be carried out in compliance with industry standards and will benefit a diverse set of industries, enhancing their green energy initiatives.

Strategic Importance for KPI Green Energy

The solar power projects mark a crucial step in expanding KPI Green Energy’s presence in the renewable energy sector. With these new additions, the company strengthens its leadership in green energy solutions while meeting the growing demand for clean and sustainable energy in India.

KPI Green Energy continues to capitalize on the opportunity within India’s renewable energy market, making significant strides in the solar energy domain. This new development underscores the company’s ability to secure substantial projects in an increasingly competitive industry, paving the way for future growth.

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