KPI Green invests in advanced energy storage systems to enhance grid reliability

In a recent milestone, KPI Green Energy signed (MoUs) with the governments of Madhya Pradesh and Odisha, paving the way for new renewable energy projects in these states.

KPI Green Energy is driving India’s renewable energy growth through innovation and strategic initiatives. By expanding its solar, wind, and hybrid portfolio, investing in energy storage, and forming government partnerships, the company is contributing to the 2030 clean energy targets while ensuring reliable and sustainable power generation. Affan Faruk Patel Director, KP Group shares more insights intalks with EPR, let us hear him.

How can KPI Green Energy sustain its growth momentum contributing to 2030 clean energy targets?

KPI Green Energy is well-positioned to sustain India’s rapid renewable energy growth and contribute to achieving the 2030 clean energy targets through innovation, scalability, and strategic initiatives. The company is expanding its portfolio of solar, wind, and hybrid projects by acquiring land in regions with high renewable energy potential, ensuring efficient resource utilisation to maximise energy output. By Investing in advanced energy storage systems, real-time monitoring, and cutting-edge technologies, KPI Green Energy aims to enhance grid reliability and provide a stable power supply, even during periods of low generation.

In a recent milestone, KPI Green Energy signed (MoUs) with the governments of Madhya Pradesh and Odisha, paving the way for new renewable energy projects in these states. This strategic collaboration underscores the company’s commitment to scaling up clean energy infrastructure. Additionally, KPI Green Energy has demonstrated strong financial growth, reporting a remarkable 38.8 percent increase in revenue to ₹458 crore in the third quarter of the current fiscal year, compared to ₹330 crore during the same period last year. The company has seen unprecedented growth of 86 percent in terms of consolidated PAT, while 66 percent growth in EBITDA and 60 percent growth in revenue for 9MFY25 compared to YoY. Hence the company is beating the market growth rate a long way.

Strengthening partnerships with global investors and organisations can provide the necessary funding and expertise for large-scale projects while leveraging government policies and incentives can make operations more cost-effective. KPI Green Energy can also focus on building resilient infrastructure, like upgrading grid connectivity, to ensure efficient energy transmission and distribution.

Through a harmonious blend of technological innovation, collaborative efforts, and environmentally sustainable practices, KPI Green Energy is poised to drive India’s renewable energy growth while playing a crucial role in meeting the country’s clean energy goals for 2030.

How is India addressing the renewable energy investment shortfall and accelerating its clean energy transition?

India is adopting various strategies to address the investment shortfall in its renewable energy sector and accelerate its clean energy transition. The government is fostering public-private partnerships (PPPs) to attract both domestic and international investors. It has introduced favourable policies, such as tax incentives, subsidies, and reduced import duties on renewable energy equipment, to make investments more appealing.

Furthermore, India is collaborating with international organisations and multilateral banks to secure funding and technical support. By implementing these measures, India aims to bridge the investment gap and accelerate the transition towards a sustainable and self-reliant renewable energy sector.

How is India balancing its reliance on coal with its RE goals to achieve a sustainable and secure energy future?

India is making a concerted effort to strike a balance between its heavy reliance on coal and its ambitious renewable energy goals. While coal remains the country’s primary energy source, powering industries and meeting the demands of a growing population, India recognises the urgent need to transition to cleaner alternatives. To make this transition, the government has set bold renewable energy targets, aiming for 500 GW of non-fossil fuel capacity by 2030, primarily through solar, wind, and hydropower projects.

To support this shift, India has launched initiatives like the International Solar Alliance and introduced solar programme policies such as subsidies and incentives for renewable energy projects. At the same time, the country is adopting renewable energy technologies and improving energy efficiency to gradually reduce its reliance on fossil fuels. By focusing on both economic growth and environmental sustainability, India is paving the way for a more secure and greener energy future.

How is your company overcoming land acquisition and infrastructure challenges?

To address the challenges of land acquisition and infrastructure development, KPI Green Energy focuses on acquiring land in strategically located areas that provide ideal conditions for solar and wind installations, minimizing conflicts and delays. Additionally, the company leverages advanced technologies, such as SCADA (Supervisory Control and Data Acquisition) and centralised monitoring systems such as the NOC center, to optimise infrastructure development and enhance operational efficiency.

Strategic connectivity to energy grids and industrial hubs further facilitates the seamless transmission of clean energy. To further support infrastructure development, KPI Green Energy collaborates with local authorities and stakeholders to streamline permissions and ensure the smooth establishment of transmission lines and energy storage systems. By fostering partnerships and adopting innovative strategies, the company is effectively overcoming these challenges and accelerating the transition to sustainable energy solutions.