KPI Green Energy Limited, a prominent player in the renewable energy sector, has recently announced the receipt of new orders for a total capacity of 7.70 MW for the development of a solar power plant. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company shared this exciting development with its stakeholders.
Out of the total capacity, 6.70 MW has been allocated to KPI Green Energy Limited, while the remaining 1 MW has been assigned to M/s. Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited. These orders fall under the ‘Captive Power Producer (CPP)’ segment, a segment that allows entities to generate electricity primarily for their own consumption.
The new orders signify a significant stride for KPI Green Energy Limited in expanding its presence in the solar power market. By undertaking these solar power projects, the company is demonstrating its commitment to sustainable energy solutions and contributing to the nation’s renewable energy goals.
The development of solar power plants is crucial in India’s transition towards clean energy sources, aiming to reduce dependence on fossil fuels and combat climate change. KPI Green Energy Limited’s involvement in the solar power sector reinforces its position as a key player in the renewable energy landscape, driving the adoption of eco-friendly practices.
With this latest development, KPI Green Energy Limited is poised to strengthen its portfolio and make substantial contributions to the renewable energy sector’s growth in the country.