KPI Green Energy Secures 300 MWAC Solar Project from Coal India – EQ
In Short : KPI Green Energy has secured a significant solar project of 300 MWAC from Coal India Limited (CIL). This project aligns with the government’s push towards renewable energy and is set to contribute to India’s clean energy goals. The agreement highlights the transition to more sustainable power generation by leveraging solar energy.
In Detail : KPI Green Energy Limited has announced its successful bid in the Coal India Limited (CIL) tender, securing the contract to establish a 300 MWAC Grid Connected Ground Mounted Solar PV plant. This achievement follows CIL’s Tender dated October 16, 2024. On November 30, 2024, KPI Green received the official Letter of Award (LOA) from CIL. The project is located at GIPCL’s Solar Park in Khavda, Gujarat, and includes 5 years of Operation & Maintenance (O&M) services.
A Milestone in Renewable Energy Expansion
The company stated that this project is a significant milestone for KPI Green Energy as it represents its first major order from a central government entity. It reinforces the company’s technical expertise and commitment to high-quality, sustainable energy solutions. The achievement not only solidifies KPI Green’s standing in India’s renewable energy sector but also highlights its capacity to execute large-scale projects for prominent clients like Coal India Limited.
Strategic Vision: Targeting 10 GW by 2030
The 300 MWAC project aligns with KPI Green Energy’s strategic vision to achieve a renewable energy capacity of 10 GW by 2030. The order signifies the trust placed in the company’s capabilities and underscores its ambitious growth trajectory. By contributing to India’s renewable energy goals, KPI Green Energy continues to bolster its reputation as a leading player in the sustainable energy domain.
On December 2, 2024, KPI Green Energy share price opened at ₹800.00, touching the day’s high at ₹807.00, as of 9:50 AM on the NSE.
