KPI Green Energy gets new 4.20 MW wind-solar hybrid power project; stock spurts ~4.5%

15 Sep 2022 , 09:30 AM

KPI Green Energy Limited informed that it has received a new order for executing the Wind-Solar Hybrid Power Project of 4.20 MW.

The 4.20 MW order comprises of 4.20 MW Wind Turbine and 3 MWdc Solar capacity.

The company has received this order from Nouveau Jewellery LLP, Surat. The company has received this order under its ‘Captive Power Producer (CPP)’ business segment.

Recently, KPI Green Energy also entered into PPA with six different entities for supplying up to 15.88 MW capacity.

Under this PPA, the companies will be supplied power from the upcoming Wind-Solar Hybrid power project (comprising 16.10 MW wind and 10 MW, solar capacity) in Bhavnagar, Gujarat.

At around 9.34 AM, KPI Green Energy was trading 4.25% higher at Rs911.70, against previous close of Rs874.50 on NSE. So far, it hit intraday high and low of Rs924 and Rs900 respectively.

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