On October 29, 2025, KPI Green Energy Limited announced the receipt of a Letter of Intent (LOI) from FVE Lifecare General Trading LLC, a UAE-based company and part of the F Plus Group.
The order, valued at approximately ₹1,050 crore, pertains to the development of a 600 MW Round-the-Clock (RTC) Green Power Project. This marks a major milestone for KPI in delivering cutting-edge renewable energy infrastructure globally.
The LOI confirms KPI Green Energy’s role in designing, developing, financing, and commissioning an advanced solar power facility integrated with Battery Energy Storage Systems (BESS).
The project aims to provide 24/7 carbon-neutral electricity for F Plus facilities worldwide through captive and group-captive power utilisation. The execution framework will be finalised through a mutually agreed Power Purchase Agreement (PPA), Joint Venture, or strategic investment arrangement.
The project represents a blend of innovation and sustainability, combining solar photovoltaic (PV) technology with energy storage systems to ensure continuous power delivery. It also highlights KPI’s growing leadership in renewable solutions that support energy-intensive sectors such as healthcare, data centres, and life sciences.
KPI Green Energy will integrate state-of-the-art solar and battery technologies to deliver reliable RTC power. In addition to energy generation, the company plans to monetise carbon credits, Renewable Energy Certificates (RECs), and green certifications compliant with international standards such as IRENA and UNFCCC. This strategic approach enhances project bankability while contributing to global carbon reduction goals.
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The initial phase of the 600 MW project will be deployed in India across Gujarat, Rajasthan, and Andhra Pradesh. Subsequent phases will extend across Asia, the Middle East, GCC, and Africa. The phased execution aligns with FVE Lifecare’s global expansion strategy, establishing KPI as a reliable partner for large-scale renewable projects worldwide.
On October 29, 2025, KPI Green Energy share price opened at ₹524.45 on NSE, above the previous close of ₹522.65. During the day, it surged to ₹533.30 and dipped to ₹518.05. The stock is trading at ₹532.50 as of 2:56 PM. The stock registered a moderate gain of 1.88%.
Over the past week, it has moved up by 4.70%, over the past month, it has moved up by 20.50%, and over the past 3 months, it has moved up by 1.97%.
The ₹1,050 crore LOI from FVE Lifecare General Trading LLC underscores KPI Green Energy’s technological strength and international credibility in renewable power development. By combining solar PV and BESS technologies, the company is setting a benchmark for RTC green power delivery that supports industries with continuous clean energy needs across borders.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Oct 29, 2025, 3:19 PM IST
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