Gujarat-based KPI Green Energy (formerly known as KPI Global Infrastructure) has secured orders to execute captive solar projects aggregating to 23.60 MW (DC) capacity. Out of this, it will execute 23.6 MW for Nouveau Jewellery and 3 MW for Nouveau Diamonds Manufacturing India.
Under the captive power production business segment, KPI develops, transfers, operates, and maintains grid-connected solar power projects for CPP customers. It generates revenue by selling these projects to CPP customers for their captive use requirements.
As of March 31, 2022, KPI commissioned 100+ MW of cumulative solar capacity as an independent power producer (IPP) and 65+ MW as a service provider to captive power producers.
The company aims for a cumulative IPP portfolio of 250 MW by 2025 and a CPP portfolio of 750 MW by 2025.
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