KP Group’s Big Renewable Plan: 10GW Capacity Target by 2030 | Faruk Patel | Business News | ET Now
Why It Matters
If KP delivers this pipeline, it will accelerate India’s renewable supply and bolster the company’s revenue visibility via long-term PPAs and growing green-hydrogen capabilities, reinforcing its role in the country’s energy transition. Continued on‑time execution will also shield the firm from commodity and geopolitical volatility that hits fossil-fuel projects harder.
Summary
KP Group reiterated its target to reach 10 GW of renewable capacity by 2030, saying it remains on track after recently energizing about 69 MW and taking its operational portfolio to roughly 589 MW today. Management expects IP capacity to reach about 2,171 MW by year-end and to commission a GVNL solar project before late October, with further capacity additions slated across the coming quarters. The group reported a multi-year order book with government PPAs (state utilities and NTPC) and said international exposure is limited, while its green-hydrogen arm has energized a 1 MW pilot and secured a PSU-linked biogas-hydrogen order. Management reiterated guidance of robust growth (50–60%) through 2030 and said geopolitical tensions have not materially affected its renewables pipeline.
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