New Delhi: KPI Green Energy Limited (KPI), a leading renewable power producer specializing in solar and hybrid energy projects, has signed a strategic Memorandum of Understanding (MoU) with Inox Solar Limited (ISL), part of the INOXGFL Group and a prominent solar equipment manufacturer. The partnership aims to jointly develop 2.5 GW of solar and hybrid renewable energy projects across multiple states in India.
Under the MoU, KPI will lead project development activities including securing connectivity approvals, land acquisition, right-of-way (ROW) management, statutory clearances, and execution of EPC and Balance of Plant (BOP) works. KPI will also supply steel structures (solar MMS) and provide operations and maintenance (O&M) services. ISL will supply solar modules to the project sites and undertake pre-commissioning, commissioning, and O&M of the solar modules.
This integrated approach allows both companies to leverage their core strengths—KPI’s ground-level execution and ISL’s advanced solar technology—to ensure efficient, timely, and high-quality project delivery. The collaboration is expected to enhance the strategic positioning of both organisations across the renewable energy value chain.
KPI will benefit from assured access to ISL’s high-performance solar modules, boosting its ability to deliver integrated renewable energy assets. Meanwhile, ISL will gain from KPI’s proven development expertise and execution capabilities. Together, the companies aim to accelerate India’s renewable energy growth by deploying large-scale solar and hybrid projects with enhanced operational efficiency.
Dr. Faruk G. Patel, Chairman and Managing Director of KPI, stated, “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.”
Kailash Tarachandani, Group CEO Renewables, INOXGFL Group, added, “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 synergy 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.”
This alliance marks a significant milestone in India’s journey toward sustainable power generation, reinforcing both companies’ roles as key contributors to the country’s clean energy transformation.
