KP Energy shares rise 8% on MoU with Inox Wind to develop 2.5 GW renewable projects across India

Shares of KP Energy rose as much as 8% to a day’s high of Rs 424 per share on Wednesday, November 19, after it announced an exclusive MoU with Inox Wind to collaborate on developing 2.5 GW of hybrid wind and wind-solar projects across multiple Indian states. The partnership brings together Inox Wind’s manufacturing and turbine expertise with KP Energy’s strengths in project development and balance-of-plant execution.As part of the agreement, Inox Wind and its subsidiaries will supply wind turbine generators and related equipment, along with providing technical support including USS design, transformer specifications and foundation design. The group will also handle the pre-commissioning, commissioning and O&M of the turbines. KP Energy, meanwhile, will be responsible for land acquisition, connectivity, regulatory approvals, right-of-way, and for carrying out balance-of-plant and EPC works. It will also manage O&M for the balance-of-plant components. This integrated project approach is intended to streamline implementation and improve efficiency.

The collaboration is expected to improve the strategic position of both companies in the field of renewable energy. KP Energy will have guaranteed access to Inox Wind’s equipment and technical capabilities, while Inox Wind will benefit from KP Energy’s on-the-ground development expertise and strong execution track record. Together, the companies aim to accelerate large-scale renewable installations, improve operational efficiency and support India’s clean energy ambitions.

Kailash Tarachandani, Group CEO – Renewables at INOXGFL Group, said the alliance brings together two leaders whose combined capabilities strengthen their ability to deliver high-quality renewable assets. He noted that the partnership combines Inox Wind’s product reliability and technical strength with KP Energy’s deep experience at the project level.

KP Energy Founder and MD Faruk G. Patel termed the MoU as a meaningful step towards scaling up renewable infrastructure in India. He said the association is creating a strong platform capable of realizing complex wind and hybrid projects by bringing together the development prowess of KPE and the manufacturing and engineering knowledge of Inox Wind.

Inox Wind and KP Energy shares have fallen 25% and 27% respectively.(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)