HIGHLIGHTS

• KPI Green Energy has entered into an MoU with Inox Solar Limited to jointly develop 2.5 GW of solar and hybrid renewable projects across India.
• The partnership outlines a collaborative model where KPI manages development and EPC activities while Inox Solar supplies modules and oversees commissioning tasks.
• KPI Green Energy shares traded at ₹ 462.55 on 19 November 2025.

KPI Green Energy Limited (NSE:KPIGREEN) has announced a new strategic collaboration with Inox Solar Limited through the signing of a Memorandum of Understanding aimed at jointly delivering 2.5 GW of solar and hybrid renewable energy projects across India. The partnership brings together two organisations with established positions in the renewable energy sector, creating an opportunity to scale project development and enhance operational execution across multiple states.

Under the MoU, KPI Green Energy will oversee project development activities. These responsibilities include securing connectivity approvals, acquiring land, managing right-of-way requirements, handling statutory clearances, and executing EPC and Balance of Plant works. KPI will additionally provide steel structures such as solar module mounting systems and deliver operations and maintenance services for the developed assets.

Integrated Execution Model

Inox Solar’s role within the partnership will focus on the supply and management of solar modules. The company will deliver modules directly to the project sites and undertake pre-commissioning and commissioning tasks. Inox Solar will also manage operations and maintenance specific to the module infrastructure. This division of responsibilities establishes an integrated development cycle, combining KPI’s project execution capabilities with ISL’s manufacturing and technical expertise.

The collaborative model enables both companies to streamline their operations across the renewable energy value chain. KPI gains assured access to advanced module technology, supporting its ability to deliver fully integrated solar and hybrid systems. At the same time, ISL benefits from participating in large-scale projects aligned with its manufacturing portfolio. Together, the companies aim to support India’s renewable expansion by delivering large utility-scale installations with coordinated development processes.

Strengthening Positions Across the Renewable Sector

The broader INOXGFL Group, of which Inox Solar is a part, maintains a diversified presence across fluorochemicals, battery materials, wind and solar manufacturing, and renewable project development. Through Inox Clean Energy Ltd., the Group has expanded into solar module manufacturing and continues to scale its renewable power generation operations. Its combined activities across listed and private entities place the organisation in a favourable position to serve varied energy demands.

KPI Green Energy, operating under the larger KP Group established in 1994, has built a multi-sector portfolio with projects in wind, solar, hybrid energy systems, green hydrogen initiatives and energy storage. Over the years, the Group has contributed to India’s transition toward cleaner energy solutions through projects that align with national sustainability objectives.

Market Update

Shares of KPI Green Energy were trading at ₹ 462.55 during the session on 19 November 2025.

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