KPI Green Energy to Sell 6.3 MW Solar Power To Three Clients

Gujarat based KPI Green Energy Ltd. has announced that it has inked a set of new Power Purchase Agreements (PPAs) under which the company will sell 6.3 MW of solar power. KPI Green Energy will make this sale in the interdependent power producer (IPP) segment.

KPI Green Energy said in a disclosure before stock exchanges that it has signed long-term PPAs with three firms.

The green energy company has signed a PPA with Heubach Colour Pvt. Ltd. under which the purchaser will buy a capacity of 2.9 MW from KPI Green. The second firm is Sachin Paper Mills, which will be purchasing 400 KW of solar power. The third firm is Alembic Pharmaceuticals Ltd. that will purchase 3 MW. The total green power sale of KPI Green Energy will come to 6.3 MW.

KPI Green Energy develops, operates, and maintains captive solar power projects for clients. It was previously called KPI Global Infrastructure. The group is also into the business of power production and solar energy sale under the Solarism brand in the state of Gujarat.

Recently, KPI Green Energy agreed with Tata Motors Passengers Vehicles - subsidiary of Tata Motors - to sell 7.5 MWp of solar energy. This too is under the IPP segment.

The firm will be supplying another 33 MW of solar power projects under the captive power producer (CPP) segment and its wholly-owned subsidiary KPIG Energia Pvt. Ltd will be developing the solar project.

In December, KPI Green Energy got an order from lsha Prints to execute a solar project of 1.10 MW capacity under CPP segment. A week later its subsidiaries commissioned solar power projects of 38.76 MWp.

In September, the company announced that it signed PPAs with as many as six companies to sell 15.88 MW of power coming from solar-wind hybrid projects.