KPI Green Energy Limited , a prominent player in the renewable energy sector, has made a significant move in the green finance arena. The company's Debenture Committee has approved the issuance of secured, listed, rated, senior, redeemable, transferable, non-convertible certified "green" bonds worth 670 crore rupees through private placement.

Key Details of the Green Bond Issue

Security and Asset Backing

The green bonds will be backed by a comprehensive security package, including:

1. First ranking exclusive fixed charge over specified fixed assets comprising 110.7 MW of revenue-generating independent power producer projects of KPI Green Energy.
2. Exclusive floating charge over receivables and cash inflows from the aforementioned assets.
3. First ranking exclusive charge over debt service reserve and security deposits.
4. Non-disposal undertakings and mortgages on project lands.
5. Similar security arrangements for projects under KPIG Energia Private Limited (24.7 MW) and KPARK Sunbeat Private Limited (10 MW).

Significance of the Move

This green bond issuance aligns with the growing trend of sustainable finance in India's renewable energy sector. By opting for green bonds, KPI Green Energy is not only raising capital but also reinforcing its commitment to environmentally responsible projects.

The substantial size of the issue, at 670 crore rupees, indicates the company's ambitious plans for expansion and development in the renewable energy space. The funds raised are likely to be utilized for financing or refinancing green projects, potentially accelerating the company's growth in the clean energy sector.

Market Impact

The successful placement of these green bonds could strengthen KPI Green Energy's position in the renewable energy market. It also reflects the increasing investor appetite for sustainable financial instruments in India.

Investor Confidence

The attractive coupon rate of 8.50% per annum, coupled with the secured nature of the bonds and the company's established presence in the renewable energy sector, is likely to appeal to both institutional and retail investors looking for green investment opportunities.

As the renewable energy sector continues to gain prominence in India's energy landscape, KPI Green Energy's move to raise funds through green bonds positions it well to capitalize on the growing opportunities in this space.

The company's ability to secure this significant funding through green bonds underscores the financial market's confidence in its business model and future prospects in the renewable energy sector.

Note: The Debenture Committee meeting for this approval was held on September 2, 2025, commencing at 08:15 p.m. and concluding at 08:50 p.m.

KPI Green Energy , the green energy division of KP Group, has announced significant progress in its renewable energy portfolio and technological capabilities, solidifying its position as a leader in India's renewable energy sector.

Operational Portfolio Growth

KPI Green Energy has achieved a milestone in its operational portfolio, with over 1.9 GW of active assets across solar, wind, and hybrid projects throughout India. This substantial installed base demonstrates the company's commitment to expanding its renewable energy footprint.

In addition to its current operational assets, KPI Green Energy has revealed an ambitious pipeline of approximately 4 GW of renewable projects currently under development. This expansion is set to further strengthen the company's market position and contribute significantly to India's green energy goals.

Technological Advancements

The company has made notable strides in its technological capabilities, enhancing its operations and maintenance (O&M) services:

Network Operations Center (NOC)

KPI Green Energy has implemented a state-of-the-art Network Operations Center, powered by IBM Maximo Renewables. This advanced asset monitoring platform enables:

• Real-time monitoring of assets
• AI-driven analytics for predictive maintenance
• Automated reporting and real-time alerts
• Servicing of 200+ clients with 100% O&M contracting compliance

The company has also developed an in-house Unified Data Access (UDA) platform for large-scale data management and tracking, further cementing its position as a technology-driven leader in renewable O&M.

Solar Panel Cleaning Robots

KPI Green Energy's dedicated R&D Centre has developed innovative robotic solar plant cleaning solutions:

• 730+ robots deployed across operating sites
• 1,000+ robots in the production pipeline
• Global certifications from NEXTracker (USA) and Gamechanger (USA)
• IoT-powered system ensuring ~98% cleaning efficiency
• Capacity to dry-clean 1 MW in under 3 hours
• New manufacturing facility commissioned, increasing production capacity from 100 to 300 robots per month

Future Outlook

With its expanding operational portfolio and focus on technological innovation, KPI Green Energy is well-positioned to capitalize on the growing demand for renewable energy in India. The company's commitment to maximizing generation, reducing costs, and delivering sustainable long-term value to stakeholders underscores its potential for continued growth in the sector.

As KPI Green Energy continues to scale its operations and enhance its technological capabilities, it is poised to play a significant role in India's transition to clean energy and contribute to the country's sustainability goals.