KPI Green Plans To Go Global After Its Beyond-Gujarat Success

KPI Green Plans To Go Global After Its Beyond-Gujarat Success

Gujarat-based renewable energy company KPI Green Energy has now hinted at its likely plan to go international. However, it has refrained from shedding more light on its plan, citing ongoing talks on the matter. The top management of the firm, buoyed by its increased penetration in states beyond Gujarat said told its investors in a recent investors call.

Salim Yahoo, Chief Financial Officer (CFO) of KPI Green Energy talked about its anticipated plan. “Talking about the international, we are at a nascent state. We have discussions. We have a lot of inquiries from international players. We have spoken to them. But at present, I will not be able to give you any details about that. But I can assure you that very soon you will see KPI at an international level moving on to competing with international players also,” Yahoo told investors.

The company also said that after bagging clean energy projects from GUVNL for around 1GW and ongoing works in Khavda, the firm has planned to venture into new arenas in Maharashtra, Rajasthan and even to other unexplored regions in the country.

“First, we will talk about the domestic expansion. We are already, as I told you, we have already moved on to Maharashtra. We have plans to move to Andhra. We have plans to move to  Rajasthan. We have plans to other states also, the neighboring state. But the one which we have close is, one is Maharashtra. Rajasthan and all are at we can say that final stages where we are doing the discussions only,” Yahoo said in the investors call. 

The company has targeted to add 10 GW of total installed capacity by 2030, driven by a mix of IPP and CPP projects. The firm said that the company is now seeing any kind of dearth of orders. The company is now undertaking the EPC works of solar, wind and hybrid projects. It now boasts of 1.1 GW of EPC business.

“If I tell you, the total CPP, what we call it EPC, it’s around 1.1 gigawatt of CPP business, what we call that. Now the CPP business, if I want to calculate, it will be because some projects are along with the material, you can say the panel or the wind turbine, and some projects come without them. So, overall, if you can see that, if one gigawatt approximately if I take, if you calculate 2.5 crores to 3 crores per megawatt that would be the order book you can see that in the EPC site at present,” Yahoo said.