Inox Wind & KP Energy to jointly develop 2.5 GW of wind projects across India

Inox Wind Limited (IWL), India's leading wind energy solutions provider, announced today that it has entered into an exclusive Memorandum of Understanding (MoU) with KP Energy Limited (KPE), a prominent balance-of-plant solutions provider in the renewable energy industry.

The MoU establish a strategic partnership aimed at jointly developing 2.5 GW of wind and wind-solar hybrid power projects across multiple states in India.

Under the MoU, IWL along with its subsidiaries will supply Wind Turbine Generators and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre-commissioning, commissioning and O&M of wind turbine generators. KPE will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing Balance of Plant and EPC works. KPE will also manage O&M of Balance of Plant of the project. This integrated approach enables both companies to combine their core competencies to ensure timely, seamless and high-quality project execution.

This collaboration is expected to strengthen the strategic positioning of both organisations by leveraging their complementary strengths across the renewable energy value chain. While KPE will benefit from assured access to IWL's equipment and engineering capabilities, enhancing its ability to deliver fully integrated renewable assets, IWL will gain from KPE's strong on-ground execution expertise and proven development track record. Together, both companies will be better equipped to pursue large-scale renewable opportunities, drive operational efficiencies and contribute meaningfully to India's clean-energy transition.

Speaking on the occasion, Mr. Kailash Tarachandani, Group CEO Renewables, INOXGFL Group, said, "Inox Wind's partnership with KP Energy is a collaboration of two renewable industry leaders, capitalizing on the strong product, ground-level execution and project-development excellence of the two companies. The synergies between Inox Wind's manufacturing excellence, engineering depth and product reliability, and KPE's extensive on-ground development experience enables both companies to pursue largescale renewable opportunities with greater confidence and operational strength. Through this association, we aim to deliver structured, high-quality renewable energy solutions that will reinforce our role in supporting India's transition toward cleaner and more sustainable power generation."

Dr. Faruk G. Patel, Founder and MD, KPE, said, "KPE is committed to advancing large-scale renewable energy infrastructure, and this partnership with INOX marks a significant strategic step in that direction. By combining KPE's depth of experience in project development, statutory planning and balanceof-plant execution with IWL's proven manufacturing and engineering capabilities, we are establishing a robust collaborative platform capable of delivering complex wind and hybrid assets at scale. This MoU reinforces our long-term objective of building reliable, integrated clean-energy solutions and strengthens our ability to contribute effectively to India's national renewable energy goals."

Shares of Inox Wind Limited was last trading in BSE at Rs. 140.90 as compared to the previous close of Rs. 146.10. The total number of shares traded during the day was 425384 in over 4199 trades.

The stock hit an intraday high of Rs. 146.55 and intraday low of 140.55. The net turnover during the day was Rs. 60560603.00.

Source : Equity Bulls

Keywords

InoxWind INE066P01011 MoU KPEnergy