KP Group has announced an ambitious expansion roadmap under its newly unveiled KP 3.0 strategy, setting revised targets for FY32 that include 10 GW of independent power producer (IPP) capacity, 10 GW of third-party engineering, procurement and construction (EPC) execution, and 10 GWh of integrated battery manufacturing capacity. The announcement was made during the Group’s Investor Day, outlining its next phase of growth across renewable energy generation, project execution and energy storage manufacturing.
Under the revised strategy, KPI Green Energy will lead the development of 10 GW of owned renewable power assets, while the Group aims to execute 10 GW of EPC projects for external customers, excluding related-party projects. Additionally, KP Group plans to establish 10 GWh of integrated battery manufacturing capability, covering battery cell production and battery energy storage system (BESS) assembly.
The revised commitments follow significant progress in the Group’s renewable energy portfolio, which currently stands at approximately 9.21 GW, including operational and under-construction projects. With its earlier 10 GW portfolio milestone expected to be achieved within the next few quarters, KP Group has introduced higher growth targets and a more structured business expansion strategy.
As of the first quarter of FY27, KP Group’s renewable energy portfolio exceeded 9.2 GW across solar, wind and hybrid projects. Its operational and development platform includes a land footprint of approximately 12,104 acres, 5.10 GW of power evacuation capacity, manufacturing capacity of 400,500 metric tonnes per annum, a 6.4 GW EPC portfolio and a 2.8 GW IPP portfolio.
A major component of KP 3.0 is the expansion of the Group’s energy storage business through Sundrops Energia, which will serve as its dedicated BESS platform. The business will focus on battery storage IPP projects, group captive installations, commercial and industrial (C&I) energy storage solutions, battery assembly and cell manufacturing.
The Group is also strengthening its presence in floating solar development, with projects including the 110 MW AC/142 MW DC Kadana Dam floating solar installation in Gujarat. This initiative forms part of its broader strategy to diversify renewable energy technologies and explore new generation opportunities.
In addition, KP Group is expanding into electricity trading after securing licences from the Central Electricity Regulatory Commission (CERC) and Gujarat Electricity Regulatory Commission (GERC). The company intends to develop capabilities across power exchanges and bilateral electricity markets.
Green hydrogen and green ammonia represent another emerging business segment under the Group’s growth strategy. KP Group is developing capabilities in hydrogen production, mobility, logistics and utilisation. Its Matar facility currently operates a 1 MW electrolysis-based green hydrogen plant with a reported production capacity of 432 kilograms per day.
Geographically, KP Group continues to expand its renewable energy operations across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Odisha, Karnataka and Andhra Pradesh. The Group is also exploring international renewable energy opportunities in Botswana, Zambia and Tanzania, alongside Saudi Arabia in the Gulf region.
In Botswana, KP Group is pursuing a proposed 5 GW renewable energy and associated infrastructure development programme, with an initial phase of approximately 500 MW. The Group is also strengthening its manufacturing business through orders from customers across India.
The KP 3.0 strategy includes organisational restructuring and the appointment of experienced professionals to leadership positions across renewable energy, emerging technologies, international operations, green hydrogen, investor relations and corporate governance.
These leadership changes are intended to strengthen engineering capabilities, manufacturing execution, project delivery and operational efficiency as the Group scales its businesses. The strategy also reflects an increased role for the next generation of leadership, supported by experienced industry professionals.
Commenting on the revised commitments, Dr. Faruk G. Patel highlighted the Group’s progress towards its earlier renewable energy targets and reaffirmed its commitment to expanding owned power generation, third-party EPC execution and domestic battery manufacturing.
He stated that the Group’s growing order book reflects the confidence of customers, partners and investors in its execution capabilities. He also expressed confidence in achieving the revised targets ahead of schedule while maintaining operational discipline and strengthening leadership responsibilities.
With the launch of KP 3.0, KP Group aims to establish a more diversified renewable energy business model integrating power generation, EPC services, battery manufacturing, energy trading and green hydrogen development.
The revised FY32 targets underscore the Group’s ambition to strengthen its position in India’s renewable energy sector while expanding its presence in emerging clean energy technologies and international markets.
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