KP Group Signs Green Hydrogen MoU with South Korea’s Jeonbuk Province

K.P. Energy Limited has announced that KP Group, through its subsidiary KPI Green Hydrogen & Ammonia, signed a Memorandum of Understanding (MoU) with Jeonbuk Special Self-Governing Province in South Korea. The agreement also involves GH2 Solar Limited and AHES Co., Ltd. The announcement was made to the exchanges on September 30, 2025.

Focus Areas

The collaboration covers three main areas. These include technology exchange in water electrolysis and hydrogen facilities, the joint development of large-scale green hydrogen projects, and the expansion of the green hydrogen market in India and other countries. The MoU is to create a framework for cooperation between Indian and Korean entities.

Statements Made

Governor Kim Kwan-young of Jeonbuk Province said the agreement brings together Korean hydrogen technology with India’s market and financial strength. He added that this would create opportunities for Korean firms to enter international markets. Dr. Faruk G. Patel, Chairman and Managing Director of KP Group, said the agreement links technical expertise with project execution in the hydrogen sector.

Role of KP Group

KP Group has a renewable energy portfolio of over 6 GW, including solar, wind, and hybrid projects. The group plans to expand into green hydrogen and ammonia production through this partnership. The agreement is also expected to generate employment in both India and South Korea.

Significance for Jeonbuk

For Jeonbuk Province, the cooperation is expected to support local hydrogen companies in entering overseas markets. It will also contribute to job creation, research, and regional economic activity by focusing on hydrogen-based industries.

Company Background

KP Group was founded in 1994 by Dr Faruk G. Patel. Over the past three decades, it has worked in renewable energy and infrastructure, delivering multiple wind and solar projects. Subsidiaries include KPI Green Energy, KP Energy, and KP Green Engineering.

Read More: Best Solar Stocks in October 2025: KP Energy, JSW Energy, and Others Based on 5-Year CAGR!

K.P. Energy Share Price Performance 

As of October 1, 2025, K.P. Energy share price was trading at ₹411.05, up ₹10.95 or 2.74% on the day.

Conclusion

The MoU establishes a formal partnership between KP Group and Jeonbuk Province to advance projects in the green hydrogen sector across India and abroad 

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