KPI Green Energy has secured a 100 MW solar power project in Maharashtra State Power Generation Co’s (MAHAGENCO) tender, driving its stock up 5%. The project, part of a larger initiative for 600 MW PV capacity across multiple locations in Maharashtra, was awarded following the company’s participation under an EPC package. After receiving a letter of intent on March 15, 2024, KPI Green will execute the project following MAHAGENCO’s tender specifications. KPI Green Energy specializes in grid-connected solar power projects and the sale of generated power units.
MAHAGENCO awards 100 MW solar project to KPI
KPI Green Energy’s stock price surged 5% post securing the 100 MW MAHAGENCO bid. (Image Credit: KPI Green Energy).
The awarded project combines renewable generation with energy storage for reliable power delivery. (Image Credit/Source: SolarPanal/Pixabay)
IIT Kharagpur solar project features 2.9 MW rooftop, 1 MW ground-mounted, and 225 kW elevated structures. (Image Credit/Source: TheEngineering/Pixabay)
The SECI tender allows bidders to choose configurations of 100, 200, 300, or 400 MW. (Image Credit/Source: Pixabay/Pexels)
The government targets independent power producers to build, own, and operate two solar plants in Sal and São Vicente. (Image Credit/Source: American Public Power Association/Unsplash)