By Enersider Desk | New Delhi
KPI Green Energy Limited (“KPI”) has entered into a Memorandum of Understanding (MoU) with Inox Solar Limited (“ISL”), part of the INOXGFL, aimed at jointly developing 2.5 GW of Solar and Hybrid renewable energy projects across multiple states in India, an official statement said.
Under the MoU, KPI will undertake project development, which includes securing connectivity approvals, land acquisition, right-of-way (ROW) management, statutory approvals, and executing Engineering Procurement and Construction (EPC) works.
KPI will also supply steel structures (solar MMS) and provide Operation & Maintenance (O&M) services for the projects. ISL will supply solar modules for the projects.
The collaboration is expected to strengthen the strategic positioning of both organisations across the renewable energy value chain, the statement said.
Commenting on the development, Chairman and Managing Director, KPI, Faruk G. Patel said, “This partnership underscores KP/’s commitment to building large-scale, integrated renewable energy assets across India.
He further added, “This MoU aligns with our vision of accelerating India’s clean-energy transition and supporting national renewable energy goals.”
Additionally, Group CEO Renewables, INOXGFL Group, Kailash Tarachandani said, “Inox Solar is pleased to partner with KPI Green Energy, an organisation with strong execution capabilities and a successful track record in renewable project development.”
“The synergy between Inox Solar’s engineering depth, manufacturing excellence and product reliability, and KPI’s on-ground development prowess positions both companies to undertake large-scale renewable projects with confidence,” he noted further.
Established in 1994, KPI Green Energy is a renewable power producer specialising in wind, solar, hybrid energy, Battery Energy Storage System (BESS) and green hydrogen projects.
INOXGFL’s operations, on the other hand, span across diversified business segments comprising fluoropolymers, fluorochemicals, battery materials, wind & solar manufacturing and project development as well as renewable power generation.
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