KPI Green Energy targets early completion of 200 MW solar project
Author: PPD Team Date: January 16, 2025
Author: PPD Team Date: January 16, 2025
KPI Green Energy, which secured a 200 MW CTU-connected solar project from Gujarat Urja Vikas Nigam (GUVNL) in August 2023, aims for early completion.
The power purchase agreement (PPA) was signed on March 1, 2024, with a scheduled commercial operation date (SCOD) between May 31, 2025, and November 30, 2025.
Upon completion of the Khavda project, KPI’s operational IPP portfolio will grow from 171 MWp to 411 MWp, marking a significant milestone in renewable energy.
The project will feature an IoT-powered robotic cleaning system that ensures 98% cleaning efficiency, utilizing 550 robots to clean the 240 MWp plant in just three hours. This system is resource-efficient, reducing water usage and offering substantial cost savings over the 25-year lifecycle. The project’s operations will be enhanced by KPI’s Network Operations Center (NOC) for real-time monitoring and decision-making.
Author: PPD Team Date: June 26, 2025 The Ministry of Environment, Forest and Climate Change (MoEFCC) has released a draft notification on 23 June 2025, setting greenhouse gas emission intensity (GEI) targets for 118 industrial units. These targets are part of the compliance mechanism under the Carbon Credit Trading Scheme, 2023. The notification outlines how obligated entities—mainly from the aluminium and steel sectors—will need to reduce their emissions intensity over time. GEI is measured in…
Author: PPD Team Date: November 8, 2024 European clean energy stocks declined sharply following Donald Trump’s US presidential election victory, triggering investor concerns over potential setbacks in US renewable energy support and climate policy. Trump has signaled intentions to halt offshore wind projects and undo several climate regulations established by Joe Biden, including the Paris Agreement and the Inflation Reduction Act’s clean energy incentives. Following the election, shares of offshore wind developer Ørsted fell by…
Author: PPD Team Date: May 13, 2025 The Union Government has approved the Transmission System for Evacuation of Power from Pakaldul Hydroelectric Project (HEP) in the Chenab Valley. The project will be developed by Kishtwar Transmission Limited, a special purpose vehicle (SPV) owned by Sterlite Grid 24 Limited. It will be implemented under the tariff based competitive bidding (TBCB) route on a build, own, operate and maintain (BOOM) basis in Jammu & Kashmir. PFC Consulting…
Author: PPD Team Date: November 4, 2024 UK-based asset manager Intermediate Capital Group (ICG) has partnered with South Korean energy firm ST International (STI) to acquire a 50% stake in Revent Energy, with STI retaining the other half. This collaboration aims to strengthen Revent Energy’s onshore wind development strategy in South Korea, targeting 500 MW of installed capacity by 2029 through project acquisition, construction, ownership, and operation. Revent Energy currently holds stakes in two wind…
Author: PPD Team Date: December 5, 2024 Shell is scaling back its offshore wind investments and restructuring its power division following a comprehensive review. This shift aligns with CEO Wael Sawan’s strategy to focus on high-return activities, particularly in oil, gas, and biofuels, while reducing costs in low-carbon and renewable sectors. A Shell spokesperson confirmed that the company will not lead new offshore wind developments but remains interested in offtakes with acceptable commercial terms and…
Author: PPD Team Date: April 25, 2025 The Madhya Pradesh government has introduced the ‘Scheme for Implementation of Biofuel Projects in Madhya Pradesh’ to attract investments above Rs 100 million in biofuel infrastructure. The scheme covers the full value chain, from feedstock cultivation to distribution and end-use, and aims to set up bio-refinery clusters along with the infrastructure needed for biomass and waste handling. Biofuel manufacturing and biomass supply units investing over Rs 100 million…