KPI Green Energy Secures 100 MW Hybrid Project from Aether Industries
KPI Green Energy has secured a substantial order for a 100 MW hybrid energy project from Aether Industries, with the project slated for completion in the financial year 2024-25. The project will be delivered in phases, as outlined in the order.
This development, confirmed through an exchange filing, marks a significant milestone for KPI Green Energy in its hybrid captive solar power project segment.
As of 9:41 am on July 22, 2024, shares of KPI Green Energy are trading at Rs 976, reflecting a 4% dip from the previous close. Despite the recent decline, the stock has surged by 247% over the past year and has seen a 105% gain since the start of the year.
KPI Green Energy stated, “We have received a new order for a 100 MW hybrid captive solar power project under the captive power producer segment of the company.” The company has not disclosed further details regarding the order.
Formerly known as KPI Global Infrastructure Limited, KPI Green Energy Ltd is the renewable energy arm of the KP Group. Based in Gujarat, KPI Green Energy is a leading solar and hybrid power generating company. Established in February 2008, the company focuses on providing solar and hybrid power across various business verticals.
KPI Green Energy develops, builds, owns, operates, and maintains solar and hybrid power plants. It functions as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name ‘Solarism’.
The order from Aether Industries underscores KPI Green Energy’s strong position in the renewable energy sector. The project aligns with the company’s commitment to expanding its renewable energy footprint and supporting sustainable energy solutions.
Leveraging its expertise in solar and hybrid power, KPI Green Energy aims to meet the increasing demand for clean and efficient energy sources. The successful execution of this project is expected to significantly contribute to the company’s growth and its efforts to reduce carbon emissions.
KPI Green Energy continues to prioritize innovation and excellence in the renewable energy industry, further strengthening its leadership position. As the sector evolves, KPI Green Energy remains committed to driving positive change and contributing to a greener future.