KPI Green Energy, the Gujarat-based KP Group’s solar vertical, has announced that it has received new orders from seven entities for the development and operation of solar power plants under the captive power producer segment (CPP). According to the renewable energy company, the total capacity of all seven projects is 24.90 Megawatts (MW).
KPI Green Energy also stated that the development of solar power projects would be done through its wholly owned subsidiaries, KPIG Energia and Sundrops Energia.
Creative Technologies, General Polytex, General Petrochemicals, Savalia Texturisers, Rushabh Wire Industries, Rajputana Stainless, and VD Global are the seven entities that placed an order for solar power development.
The company stated that “the execution of the development works at the site has commenced and the entire capacity is expected to be complete by March 31, 2023 in different tranches.”
After the new orders of 24.90 MWp, the total aggregate capacity of KPI Green Energy solar power projects will rise to 63.66 MWp.
Earlier in the month of September this year KPI Green Energy announced setting up green hybrid capacities totalling 16.10 MW at Bhavnagar, under the Gujarat hybrid power policy 2018. The hybrid power project comprises wind and solar capacity to be developed at its Bhungar site in Mahuva at Bhavnagar, Gujarat.