KPI Green Powers Up 22MW Solar Park for Aditya Birla
Nov 8, 2023 01:33 PM ET
- KPI Green Energy Ltd - contracted to install 22.3-MWp photovoltaic park & secure contracts for 2.7 MW projects. With 115 MW total capacity, the company is aiming for 1GW by 2025.
Indian solar and hybrid power generating company KPI Green Energy Ltd has been contracted to install a 22.3-MWp photovoltaic park for Aditya Birla Renewable Energy Ltd in the state of Gujarat. The project is expected to be completed in fiscal 2023/2024 and will include design, supply, installation and commissioning. KPI Green has also secured two other contracts with Atlantia Polyfab Pvt Ltd and Vineet Polyfab Pvt Ltd for a total of 2.7 MW of solar projects. With these orders, the company's total installed capacity is 115 MW and it aspires to have 1 GW of installed capacity by 2025.
What Capacity Does KPI Green Aspire To By 2025?
- KPI Green Energy Ltd has plans to increase its total installed capacity to 1 GW by 2025.
- To achieve this, the company has pledged to invest $250 million in the next five years.
- This investment will help fund new solar and hybrid projects across India.
- KPI Green also plans to expand into new markets, such as Africa, and to develop its own technology for large-scale solar and hybrid projects.
- The company has already secured contracts for more than 115 MW of projects, and is actively pursuing additional projects to help meet its 1 GW target.
- KPI Green has also implemented a smart grid solution to help manage the energy generated by its projects.
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