KPI Green Energy Secures 100 MW Hybrid Captive Solar Power Project
KPI Green Energy secures a 100 MW Hybrid Captive Solar Power Project on behalf of Aether Industries to be completed before the financial year 2024-25.
by Damodharan N
Updated Jul 19, 2024
Article continues below advertisement
KPI Green Energy Limited is pleased to announce that it has received a new order from Aether Industries Limited for a 100 MW Hybrid Captive Solar Power Project. This project falls under the Captive Power Producer (CPP) segment of KPI Green Energy.
The contract, awarded by the domestic entity Aether Industries Limited, requires KPI Green Energy to develop, design, construct, and commission the hybrid solar power plant. The materials and resources for this project will be managed by KPI Green Energy, ensuring high standards of quality and efficiency. This significant commercial order will be executed in various tranches and is scheduled for completion in the financial year 2024-25.
The 100 MW project represents a significant step forward in KPI Green Energy's commitment to expanding its renewable energy portfolio. It highlights the company's expertise in delivering large-scale renewable energy solutions and contributes to the broader goals of sustainable development and reducing carbon emissions.
This order further strengthens KPI Green Energy's capabilities in delivering large-scale renewable energy solutions and showcases its expertise in the development and management of hybrid solar power projects.
Get the full announcement Here
Hybrid Solar Captive Power Projects in India’s Green Energy Plan
Industries in India are increasingly turning to captive solar power projects to meet their energy needs and reduce reliance on traditional energy sources. Companies in sectors like manufacturing, textiles, chemicals, and pharmaceuticals are adopting both rooftop and ground-mounted solar systems.
Captive solar power producers can generate energy on-site or near-site. Off-grid systems operate independently from the grid, storing solar power in batteries for use at night. These systems are self-sustaining but expensive to install.
On-grid systems, which are connected to the utility grid, send excess power back to the grid and compensate consumers for the extra power. These systems are suitable for high-consumption sectors and can work with or without net metering.
Some of the projects include Hindalco Industries commissioned a 25 MW captive solar power plant at its Mahan aluminium smelting unit in Madhya Pradesh in 2022 to meet organizational needs. Cipla also announced the operation of an additional 16 MW solar capacity in Maharashtra in 2021, in partnership with AMP Energy India.
Get the full Data about the Captive Power Projects in India as per the latest CEA central electricity authority Report Here
KPI Green Energy
KPI Green Energy Limited, formerly KPI Global Infrastructure Limited, is a Gujarat-based solar and hybrid power company established in 2008. They develop, build, own, operate, and maintain solar and hybrid power plants as both an Independent Power Producer (IPP) and a service provider to Captive Power Producers (CPP) under the brand 'Solarism'.
The company offers renewable power solutions to reduce electricity costs, including CPP, IPP, industrial plot selling, and hybrid energy. With advanced technologies like SCADA for real-time monitoring and robotic panel cleaning, KPI Green Energy ensures optimal power generation. They operate across 33 locations in Gujarat, serving 150 customers with a land bank of 2,217 acres.
KPI Green Energy Secures 100 MW Hybrid Captive Solar Power Project - FAQs
1. Who awarded the 100 MW Hybrid Captive Solar Power Project to KPI Green Energy?
The 100 MW Hybrid Captive Solar Power Project to KPI Green Energy is given by Aether Industries Limited.
2. What is the nature of the order received by KPI Green Energy?
It is a commercial order for developing a hybrid captive solar power project.
3. Did the awarding entity domestic or international?
The awarding entity is Domestic.
4. What is the total capacity of the new solar power project?
The total capacity of the new solar power project is 100 MW.
5. When is the project expected to be completed?
The project is scheduled for completion in the financial year 2024-25.
6. What segment of KPI Green Energy will manage the new project?
The Captive Power Producer (CPP) segment.
7. What will KPI Green Energy be responsible for in this project?
KPI Green Energy will design, construct, and commission the hybrid solar power plant.
8. What are the benefits of this project for KPI Green Energy?
It will expand their renewable energy portfolio and contribute to sustainable development and carbon emission reduction.
9. How will the materials and resources for the project be managed?
They will be sourced and managed by KPI Green Energy to ensure high quality and efficiency.
10. What does this new order signify for KPI Green Energy?
It reinforces their expertise in delivering large-scale renewable energy solutions and strengthens their position in the renewable energy sector.
Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.