KPI Green Energy Ltd, a leading renewable energy solutions provider, has announced the incorporation of its new special purpose vehicle (SPV), KPIN Clean Power One LLP, to accelerate the development of renewable energy projects in India. The incorporation was officially approved by the Ministry of Corporate Affairs on August 19, 2024.
According to the company’s filing with the stock exchanges, KPI Green Energy invested ₹99,000, while its wholly owned subsidiary, KPark Sunbeat Private Limited, contributed ₹1,000 towards the LLP. The investment was made entirely in cash.
Focus on Wind and Solar Power Projects
The newly incorporated KPIN Clean Power One LLP will focus on:
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Generating renewable energy through wind and solar power.
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Developing clean energy projects across India.
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Transmission and supply of power from renewable sources.
While the entity is yet to commence operations, KPI Green Energy has emphasized that the SPV will play a critical role in expanding its green energy footprint and supporting India’s clean energy transition.
No Regulatory Approvals Required
The company clarified in its filing that:
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The SPV falls under the renewable energy sector.
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The incorporation does not qualify as a related party transaction.
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No additional governmental or regulatory approvals were required for the setup.
Strengthening India’s Renewable Energy Ecosystem
The launch of KPIN Clean Power One LLP marks another milestone in KPI Green Energy’s mission to provide sustainable power solutions and align with the Government of India’s renewable energy targets. With a strong focus on wind and solar projects, the company aims to contribute significantly to the nation’s goal of achieving 500 GW of renewable energy capacity by 2030.
