News

KPI Green Energy has received the charging permission from Chief Electrical Inspector, Nagpur (Maharashtra) in respect of its 100 MW (AC) / 128 MW (DC) grid-connected ground-mounted solar PV project executed by the company on a Turnkey EPC basis, for Maharashtra State Power Generation Company (MAHAGENCO) at Ramthi, Narkhed, District Nagpur, Maharashtra.

KPI Green Energy has successfully commissioned 200 MW (AC) / 269 MW (DC) Solar Power capacity forming part of the 300 MW (AC) / 405 MW (DC) grid connected ground-mounted Solar PV project being executed by the Company on an EPC basis for Coal India at GIPCL`s Solar Park, Khavda, Gujarat, as certified by the Gujarat Energy Development Agency (GEDA).

KPI Green Energy has incorporated a wholly owned subsidiary in the name of KPCG One on 18 June 2026. The Company has been incorporated with the object of generating, storing, transmitting, distributing, purchasing, selling and supplying electricity and other forms of energy from conventional and renewable sources, including solar, wind, hydro, biomass and thermal energy, and of establishing, owning, developing, operating and maintaining power plants and energy storage systems, and undertaking activities incidental thereto.

KPI Green Energy has allotted 3,30,895 equity shares of face value of Rs. 5/- each to the eligible employees pursuant to exercise of options, under KPI Green- ESOP 2023.Consequent to this allotment, the paid-up equity share capital of the Company stands increased from Rs. 98,67,05,365/- (consisting of 19,73,41,073 equity shares of Rs. 5/- each) to Rs. 98,83,59,840 /- (consisting of 19,76,71,968 equity shares of Rs. 5/- each).

Sun Drops Energia, a subsidiary of KPI Green Energy, has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL) for development of a self-owned IPP Standalone Battery Energy Storage System (BESS) Project having an aggregate capacity of 120 MW / 240 MWh. This BESPA has been executed subsequent to the earlier executed 445 MW / 890 MWh BESPA with GUVNL, thereby taking the Group`s cumulative executed standalone BESS portfolio to 565 MW / 1,130 MWh. The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). Under the terms of the BESPA, Sun Drops Energia will develop, own and operate the Standalone BESS Project at locations in the vicinity of 220kV Gariyadhar AIS Substation (65 MW / 130 MWh) and 220kV Otha AIS Substation (55 MW / 110 MWh) in the State of Gujarat and make the contracted battery energy storage capacity available to GUVNL on long term basis. The execution of the present BESPA marks another significant milestone for the Group and further strengthens its presence in the utility-scale Battery Energy Storage System (BESS) segment, while continuing to expand its footprint across emerging renewable energy infrastructure opportunities.