KPI Green Energy Receives 36.87 MW Solar Project Orders under CPP Segment

KPI Green Energy Limited has announced a major business development as its subsidiary, Sun Drops Energia Private Limited, secured orders totalling 36.87 MW for solar power plant projects. 

Below is an overview of the announcement, market response and related details.

KPI Green Energy Order Win

KPI Green Energy, through its wholly owned subsidiary Sun Drops Energia Private Limited, received Letters of Award and Letters of Intent from various clients. The cumulative capacity of the solar projects awarded under the Captive Power Producer segment stands at 36.87 MW. These projects are a mix of conventional CPP developments and those executed under the Gujarat DREBP Policy framework.

Domestic Project Allocation

The awarded contracts are from domestic entities operating within India. This further strengthens the company’s footprint in the Indian renewable energy landscape, especially in Gujarat, where the DREBP Policy is actively promoting decentralised clean energy generation.

Project Execution Timeline

The projects are scheduled to be executed across various phases during the financial year 2025–26. Execution timelines will follow the terms set in the respective contracts, and projects will be delivered in multiple tranches.

Policy and Regulatory Framework

Some of the projects will be executed under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy as per the Gujarat Renewable Energy Policy 2023. Additionally, the contracts refer to GERC Tariff Orders No. 5 and 6 of 2024, providing a regulated foundation for tariff and execution structure.

KPI Green Energy Share Price Performance

As of 1:19 PM on June 19, KPI Green Energy share price was trading at ₹466.70 lower by 2.90%.

Read More: Bank of India Final Dividend Record Date on June 20: What It Means for Shareholders?

Conclusion 

This announcement underlines KPI Green Energy’s continuing expansion in the solar power sector and its alignment with regional clean energy policies. The company's growth in the CPP segment may reflect its strategic positioning in India’s evolving renewable energy market.

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