New Delhi: In a strategic move to accelerate India’s clean energy transition, Inox Solar Limited (ISL), one of India’s leading solar energy solutions providers, has entered into an exclusive Memorandum of Understanding (MoU) with KPI Green Energy Limited (KPI), part of the KP Group and a prominent renewable power producer specializing in solar and wind-solar hybrid projects. The partnership aims to jointly develop 2.5 GW of solar and hybrid renewable energy projects across multiple states in India.
Under the MoU, ISL will supply solar modules and associated equipment, offer engineering support including USS design, transformer specifications, and foundation design, and execute pre-commissioning, commissioning, and operations and maintenance (O&M) for the solar modules. KPI will lead project development activities such as securing land, connectivity, statutory approvals, and executing Balance of Plant and EPC works. KPI will also manage the O&M of the overall project infrastructure.
This integrated collaboration enables both companies to combine their core competencies for seamless execution and high-quality delivery of large-scale renewable assets. ISL will benefit from KPI’s proven development expertise and execution capabilities, while KPI gains assured access to ISL’s advanced solar technology and manufacturing excellence. Together, they aim to deliver scalable, efficient, and integrated clean-energy solutions that contribute meaningfully to India’s national renewable energy goals.
Mr. Kailash Tarachandani, Group CEO Renewables, INOXGFL Group, stated, “Inox Solar is pleased to partner with KPI Green Energy, an organisation with strong execution capabilities and a successful track record in renewable project development. The synergies between Inox Solar’s engineering depth, manufacturing excellence and product reliability, and KPI’s on-ground development prowess positions both companies to undertake large-scale renewable projects with confidence. Through this collaboration, we aim to deliver integrated, efficient and scalable clean-energy solutions across India.”
Dr. Faruk G. Patel, Chairman and Managing Director of KPI, added, “This partnership underscores KPI’s commitment to building large-scale, integrated renewable energy assets across India. By combining our strong development capabilities, EPC expertise and proven execution framework with Inox Solar’s robust solar technology and manufacturing strengths, we are establishing a powerful platform for delivering high-quality solar and hybrid energy projects. This MoU aligns with our vision of accelerating India’s clean-energy transition and supporting national renewable energy goals.”
The alliance marks a significant milestone in India’s journey toward sustainable power generation, reinforcing both companies’ roles as key contributors to the country’s renewable energy transformation.
