KPI Green Energy to Sell 6.3 MW Solar Energy To Three Clients

Jan 17, 2023 12:20 PM ET
  • KPI Green claimed in a disclosure prior to stock exchanges that it has actually authorized long-term PPAs with 3 companies.
  • It will certainly make this sale in the interdependent power manufacturer (IPP) segment.

Gujarat based KPI Green Energy Ltd. has introduced that it has inked a set of new Power Purchase Agreements (PPAs) under which the company will market 6.3 MW of solar energy. KPI Green Energy will make this sale in the synergistic power manufacturer (IPP) segment.

KPI Green Energy said in a disclosure before stock market that it has authorized long-lasting PPAs with three companies.

The green energy business has signed a PPA with Heubach Colour Pvt. Ltd. under which the buyer will certainly get a capacity of 2.9 MW from KPI Green. The 2nd firm is Sachin Paper Mills, which will certainly be purchasing 400 KW of solar energy. The 3rd firm is Alembic Pharmaceuticals Ltd. that will certainly purchase 3 MW. The complete green power sale of KPI Green Energy will concern 6.3 MW.

KPI Green Energy develops, operates, and also keeps captive solar energy projects for clients. It was formerly called KPI Global Infrastructure. The group is additionally right into business of power manufacturing and solar power sale under the Solarism brand in the state of Gujarat.

Lately, KPI Green Energy agreed with Tata Motors Passengers Vehicles-- subsidiary of Tata Motors-- to sell 7.5 MWp of solar power. This too is under the IPP segment.

The firm will certainly be providing one more 33 MW of solar energy projects under the captive power manufacturer (CPP) segment and its wholly-owned subsidiary KPIG Energia Pvt. Ltd will be creating the solar project.

In December, KPI Green Energy obtained an order from lsha Prints to execute a solar project of 1.10 MW capacity under CPP segment. A week later its subsidiaries commissioned solar energy projects of 38.76 MWp.

In September, the company introduced that it authorized PPAs with as numerous as 6 companies to offer 15.88 MW of power originating from solar-wind hybrid projects.

Solar Installers, Manufacturers