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KP Group has partnered with Senvion India to jointly develop up to 2 GW of wind and wind-solar hybrid projects across India. The framework agreement leverages KP Group's project development and BoP capabilities with Senvion's turbine technology. Over the next three years, KP Group will handle land acquisition, permits, approvals, and complete BoP execution, while Senvion supplies the turbines. The collaboration aims to accelerate high-quality renewable energy deployment, offering efficient and bankable solutions and supporting India's green energy targets.
KP Group, through its group entities, has entered into an agreement with Senvion India to develop up to 2 GW of wind and wind-solar hybrid renewable energy projects across India. The collaboration combines KP Group's expertise in project development and Balance of Plant (BoP) with Senvion's turbine technology, aiming for faster and more efficient renewable energy project execution. Advertisement
The framework agreement involves KP Group's entities KPI Green Energy, KP Energy, and KP Green Engineering working alongside Senvion India, a wind turbine manufacturer under the strategic ownership of Global Renewable Energy Development Holding Company Limited (GREDHCL), Dubai. The two companies plan to roll out projects across several Indian states over the next three years.
Under this partnership, KP Group will lead site identification and development, including land acquisition, statutory permits, approvals, and complete BoP execution. This will cover civil works, internal roads, foundations, electrical systems, and grid evacuation up to interconnection points. Senvion India will supply the wind turbines for these projects through project-specific contracts.
Faruk G Patel, Founder and CMD of KP Group, stated that the collaboration is aimed at accelerating the creation of high-quality, bankable wind and hybrid energy assets, contributing to the nation's renewable energy goals and delivering sustainable value to stakeholders. Amit Kansal, CEO & MD of Senvion India, added that combining KP Group's development and BoP strengths with Senvion's made-in-India turbine platforms offers customers a seamless, turnkey-like approach from planning to power generation.
Source PTI
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