KP Group has unveiled its new KP 3.0 growth strategy, setting ambitious targets for FY32 that include 10 GW of independent power producer (IPP) capacity, 10 GW of third-party engineering, procurement and construction (EPC) execution, and 10 GWh of integrated battery manufacturing capacity.
The roadmap was announced during the Group’s Investor Day and outlines its next phase of expansion across renewable power generation, EPC services, battery energy storage systems (BESS), manufacturing and emerging clean energy businesses.
Under KP 3.0, KPI Green Energy will spearhead the development of 10 GW of owned renewable energy assets. At the same time, KP Group plans to execute 10 GW of EPC projects for third-party customers, excluding related-party projects. The Group also plans to establish 10 GWh of integrated battery manufacturing capacity, covering battery cell production as well as battery energy storage system assembly.
KP Group’s revised targets come as its renewable energy portfolio has reached approximately 9.21 GW, including operational and under-construction projects. With the earlier 10 GW portfolio target expected to be achieved within the next few quarters, the Group has raised its growth ambitions under the KP 3.0 strategy.
As of the first quarter of FY27, the Group’s renewable energy portfolio had crossed 9.2 GW across solar, wind and hybrid projects. Its broader platform includes approximately 12,104 acres of land, 5.10 GW of power evacuation capacity, 400,500 metric tonnes per annum of manufacturing capacity, a 6.4 GW EPC portfolio and a 2.8 GW IPP portfolio.
KP Group Expands BESS And Battery Manufacturing
Energy storage is a key component of KP 3.0, with Sundrops Energia positioned as the Group’s dedicated BESS platform. The business is expected to focus on battery storage IPP projects, group captive installations, commercial and industrial (C&I) energy storage solutions, battery assembly and battery cell manufacturing.
The planned 10 GWh battery manufacturing capacity is expected to strengthen KP Group’s presence across the energy storage value chain as demand for BESS increases alongside renewable energy deployment.
Expansion Into Floating Solar And Power Trading
KP Group is also expanding its renewable energy portfolio into floating solar. One of its projects includes a 110 MW AC/142 MW DC floating solar installation at Kadana Dam in Gujarat. The Group has additionally entered the electricity trading segment after securing licences from the Central Electricity Regulatory Commission (CERC) and Gujarat Electricity Regulatory Commission (GERC). Its plans include developing capabilities across power exchanges and bilateral electricity markets.
Green hydrogen and green ammonia have also been identified as emerging business areas under KP 3.0. The Group is developing capabilities spanning hydrogen production, mobility, logistics and utilisation. Its facility at Matar currently operates a 1 MW electrolysis-based green hydrogen plant, with a reported production capacity of 432 kg per day.
International Renewable Energy Expansion
KP Group is expanding its renewable energy operations across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Odisha, Karnataka and Andhra Pradesh. The Group is also evaluating international opportunities in Botswana, Zambia, Tanzania and Saudi Arabia.
In Botswana, KP Group is pursuing a proposed 5 GW renewable energy and associated infrastructure programme, with an initial phase of around 500 MW. The Group is simultaneously expanding its manufacturing operations through orders from customers across India.
Leadership Restructuring Under KP 3.0
The KP 3.0 strategy also includes organisational restructuring and the appointment of experienced professionals across renewable energy, emerging technologies, international operations, green hydrogen, investor relations and corporate governance. The leadership changes are aimed at strengthening engineering capabilities, manufacturing execution, project delivery and operational efficiency as the Group expands its businesses.
Commenting on the revised targets, Dr Faruk G. Patel, Founder & Chairman, KP Group highlighted the Group’s progress towards its earlier renewable energy commitments and reiterated its focus on expanding owned power generation, third-party EPC execution and domestic battery manufacturing.
He said the Group’s growing order book reflects confidence from customers, partners and investors in its execution capabilities. He also expressed confidence that the revised targets could be achieved ahead of schedule while maintaining operational discipline.
With KP 3.0, KP Group is seeking to build an integrated clean energy platform spanning renewable power generation, EPC services, battery manufacturing, energy storage, electricity trading, floating solar and green hydrogen. The FY32 targets mark an expansion of the Group’s earlier growth plans and are aimed at strengthening its position across India’s renewable energy and emerging clean technology markets.
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