Inox Group and KP Group Sign MoUs to Develop 5 GW Renewable Projects Across India

Inox Green Energy Services announced that parent company Inox Wind Limited (IWL) and Group entity Inox Solar Limited have signed Memorandums of Understanding (MoUs) with KP Group companies, KP Energy Ltd and KPI Green Ltd. 

These agreements mark a significant collaboration to jointly develop large-scale wind and solar power capacity across multiple Indian states.

Scope of the 5 GW Renewable Partnership

The MoUs outline plans for developing 2.5 GW of wind projects and 2.5 GW of solar projects, creating a combined 5 GW pipeline. Under the partnerships, Inox Green will be responsible for providing O&M services for both the wind turbine generators and solar modules deployed across all project sites. 

Inox Solar and KPI Green will collaborate on project development, equipment supply and execution related to the solar portfolio, while Inox Wind and KP Energy will work together on wind and hybrid project capacities.

Inox Wind–KP Energy MoU Details

Separately, Inox Wind Limited announced an exclusive MoU with KP Energy Limited to jointly develop 2.5 GW of wind and wind–solar hybrid projects. 

Under the agreement, IWL and its subsidiaries will supply wind turbine generators, engineering support, transformer and foundation design, and execute pre-commissioning, commissioning and O&M of wind turbines.

KP Energy will manage on-ground project development, including land acquisition, connectivity, statutory approvals, and execution of Balance of Plant (BoP) and EPC activities. KP Energy will also oversee BoP O&M.

This collaborative structure combines IWL’s manufacturing and engineering capabilities with KPE’s strong execution track record, enabling timely and integrated project delivery.

Strategic Impact

The partnerships are expected to strengthen the positioning of all entities within India’s renewable energy value chain. By leveraging complementary strengths, the companies aim to accelerate large-scale project deployment and contribute to India’s clean-energy expansion.

Inox Green Share Price Performance

On November 19, 2025, Inox Green share price (NSE: INOXGREEN) opened at ₹236.00, up from its previous close of ₹235.55. At 11:10 AM, the share price of Inox Green was trading at ₹233.20, down by 1.08% on the NSE.

Also Read: Inox Wind Q2 FY26 Earnings Results!

Conclusion

With a combined development target of 5 GW, the MoUs mark a key milestone for the Inox and KP Groups. The collaboration enhances execution efficiency, strengthens long-term O&M capabilities, and supports India’s renewable energy growth trajectory.

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