100 Megawatts And Rising: KPI Green Energy Secures Repeat Solar Project From Avichal Power

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KPI Green Energy’s subsidiary Sun Drops Energia has secured a 100 MW solar project from Avichal Power, marking a repeat order under the CPP model. The project will be executed in Gujarat by FY 2026–27. KPI will provide turnkey EPC and O&M services, reinforcing its leadership in India’s renewable energy sector.

KPI Green Energy Ltd has announced a major milestone with its wholly owned subsidiary, Sun Drops Energia Pvt Ltd, securing a repeat turnkey order for a 100 MW solar power project from Avichal Power Pvt Ltd. The project will be executed under the Captive Power Producer (CPP) model and marks the second consecutive mandate from the same client, reinforcing KPI’s reputation for execution excellence.

Project Highlights

- The 100 MW solar project will be developed in tranches across Gujarat, with phased execution scheduled through FY 2026–27

- Sun Drops Energia will handle full turnkey EPC delivery, including engineering, procurement, and construction

- The scope covers advanced module mounting structures, balance-of-plant components, and civil, structural, electrical, and instrumentation works

- KPI Green will also provide comprehensive operations and maintenance services for the full lifecycle of the project

- The company clarified that this is a domestic contract with no related-party involvement; neither promoters nor group entities hold any stake in Avichal Power

Strategic Significance

- The repeat order underscores KPI Green’s strong client relationships and reliability in delivering large-scale solar infrastructure

- The project aligns with India’s renewable energy goals and supports Gujarat’s push toward clean energy adoption

- KPI Green’s multi-core fibre and hybrid power capabilities position it as a key player in India’s 500 GW renewable energy roadmap

Financial Momentum

- KPI Green reported a more than two-fold increase in consolidated net profit for Q4 FY25, reaching ₹104.18 crore compared to ₹43.04 crore in Q4 FY24

- Revenue surged nearly 97 percent year-on-year, rising to ₹577.80 crore

- The company continues to expand its portfolio across solar, hybrid, and wind projects, with recent financial backing from SBI and other institutions

Market Outlook

- With this new order, KPI Green’s active project pipeline strengthens further, enhancing its visibility in the CPP segment

- The company is also preparing for the IPO of Sun Drops Energia and exploring battery energy storage systems (BESS) integration

- Analysts expect continued growth driven by policy support, technology innovation, and rising demand for captive solar solutions

Sources: Energetica India, HDFC Sky, KPI Green Energy Press Release

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