### **Overview** KPI Green Energy Ltd. (KPIGEL), incorporated in 2008 and listed on both the NSE and BSE, is a leading independent and captive power producer (IPP & CPP) in India’s renewable energy sector. Part of the KP Group—a diversified conglomerate founded in 1994 by Dr. Faruk G. Patel—the company operates under the 'Solarism' brand and focuses on solar, wind, and hybrid renewable energy solutions. KPIGEL is rapidly evolving into an integrated clean energy solutions provider with a strategic vision to achieve **10 GW of renewable energy capacity by 2030**. --- ### **Business Segments** The company operates through two core verticals: 1. **Independent Power Producer (IPP):** Develops, owns, and operates utility-scale renewable projects, selling power under long-term Power Purchase Agreements (PPAs) to corporate and government entities. 2. **Captive Power Producer (CPP):** Offers turnkey EPC solutions for industrial clients seeking on-site solar and hybrid power generation, supported by land, infrastructure, and long-term O&M contracts. - **H1 FY26 Revenue Breakdown:** - **CPP:** 91% - **IPP:** 9% - **Total Installed Capacity (as of Nov 2025): Over 4.15 GW** - CPP: 2.43+ GW - IPP: 1.72+ GW - **Hybrid Projects:** Over 243 MW energized with a **CUF of 52.34% (AC basis)** in H1 FY26. The company is actively rebalancing its portfolio toward higher IPP contribution, which offers annuity-like revenue, accelerated depreciation benefits, and improved post-tax IRR. --- ### **Key Strategic Developments – November 2025** #### **1. Robotic Dry-Cleaning Technology (Self-Developed & Patented)** - KP Group has developed an **in-house, waterless robotic solar panel cleaning system** using dry brushing technology. - Over **730 robots deployed** across utility-scale plants; more than **1,000 in production pipeline**. - Fully autonomous: Smart obstacle detection, automatic docking, and cloud-based remote monitoring via a centralized platform. - Achieves ~98% cleaning efficiency and cleans 1 MW in under 3 hours. - **Patent-pending**, reinforcing technical leadership. - A new **manufacturing plant in Por** has increased output to **300 robots/month**, meeting rising domestic and international demand. #### **2. Strategic Partnerships & Collaboration** - **Senvion India:** Signed a **2 GW framework agreement** for co-developing wind and wind-solar hybrid projects over the next 3 years. - **Inox Solar Limited (ISL):** Strategic collaboration to secure assured module supply while leveraging KPI’s EPC execution capabilities. - **Delta Electronics India:** Signed 3 MoUs to co-develop **Battery Energy Storage Systems (BESS), solar inverters, green hydrogen**, and EV charging infrastructure. - **AHES Co., Ltd. (South Korea) & GH2 Solar Ltd. (India):** Forming **KPI Green Hydrogen & Ammonia Pvt. Ltd.** to build a **100,000 TPA green ammonia facility**. - **Jeonbuk Province, South Korea:** MoU signed for **international green hydrogen collaboration**, targeting exports to Japan and Korea. #### **3. IPP Portfolio Expansion & Financial Strength** - **IPP assets under construction: 1.2 GW** - **Financial closures secured for:** - **1029 MWp** under GUVNL - **21 MWp** under PM KUSUM - A **150 MW additional PPA signed with GUVNL**. - IPP projects to generate **300+ crore kWh annually** at an average PPA rate of **₹3.16/kWh**. - IPP model enhances cash flow through **accelerated depreciation** and **long-tenor PPAs (15–25 years)**. #### **4. Execution Excellence & Major Project Wins** - Awarded **200 MW (AC) solar project** by **SJVN Limited** at GIPCL’s Khavda Renewable Energy Park. - **64 MWac/96 MWp BoS solar project** awarded to subsidiary **KPIG Energia Pvt. Ltd.** in Mahua, Gujarat. - **Sun Drops Energia** secured repeat **100 MW EPC order** from Avichal Power Pvt. Ltd. - Received **LOI from UAE-based FVE Lifecare** for a **600 MW Round-the-Clock (RTC) Green Power Project** valued at **₹1,050 crore**, marking international demand recognition. --- ### **Geographic & Infrastructure Strength** - **Khavda Renewable Energy Park (India’s largest RE hub):** - Footprint expanded to **845 MWp (DC)**, with **645 MWp solar cluster under execution**. - One of the fastest-growing EPC players in the region. - **Transmission Infrastructure:** - **3.26+ GW** of approved evacuation capacity. - Strategic land acquisition near evacuation points to reduce delays and costs. - **Land Bank:** Over **5,946 acres** (owned + leased), supporting future scalability. --- ### **Technology & Innovation** - **IBM Maximo-Powered Network Operations Center (NOC):** - Monitors **200+ clients** and all group assets in real-time. - Uses AI, IoT, SCADA, and SAP for predictive maintenance, fault detection, and downtime minimization. - **Advanced Generation Tech:** - **Bifacial solar panels + Single-axis trackers** boost generation by 15–20%. - **Shared infrastructure model** reduces costs across projects. - **Central Monitoring System (CMS)** under development for unified asset oversight. - Piloting **solar-BESS packages** for construction sites to replace diesel. --- ### **Diversification into Green Energy Technologies** KPI Green Energy is transitioning beyond solar EPC and generation to a **multi-technology platform**: - **Battery Energy Storage Systems (BESS):** Developing RTC projects for consistent supply. - **Green Hydrogen & Ammonia:** 100,000 TPA green ammonia plant using renewable energy from KP Group’s project portfolio. - **Offshore Wind:** Exploring opportunities along Gujarat and Tamil Nadu coasts. - **Floating Solar:** Being evaluated for water and land conservation benefits. --- ### **Governance, Leadership & ESG** - **Founder & Chairman:** **Dr. Faruk G. Patel**, with over 30 years of renewable energy experience, has founded key group entities including K.P. Energy Ltd. and KP Green Engineering Ltd. - **Group CEO:** Dr. Alok Das. - **Group Entities:** Over 50 group companies, including: - **KP Energy Ltd.** – NSE-listed, leading wind BoP developer (1+ GW completed, 2.26 GW under development). - **KP Green Engineering Ltd.** – BSE SME-listed, Asia’s largest hot-dip galvanizing plant (400,500 MT/year) to be fully operational by FY26. - **Synergy-Driven Model:** In-house procurement from KP Buildcon and KPGE reduces costs, improves quality, and accelerates timelines. - **Workforce:** Over **560 employees**, including engineers from IIT, IIM, and Wharton. --- ### **ESG Commitments** - Pioneers **waterless robotic cleaning**, conserving millions of liters annually. - Advocates for **Make in India** through domestic PV and structural manufacturing. - Focus on **land conservation** via shared solar parks and hybrid projects. - Registered with **Global Carbon Credit (GCC)** for additional revenue and sustainability impact.