finance
KPI Green Energy Plans Renewable Infrastructure Trust Launch by 2028
KPI Green Energy Limited expects to raise up to $1 billion through a renewable energy infrastructure investment trust. The Gujarat-based company plans to launch the trust at the end of the 2027/2028 financial year.
May 26, 9:30 AM·1m read1 source
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KPI Green Energy Limited, a Gujarat-based solar and hybrid power company owned by KP Group, plans to launch an infrastructure investment trust backed by renewable energy assets. The company expects to raise up to $1 billion from the trust, according to KP Group chairman and managing director Faruk Patel.
The trust is scheduled for launch at the end of the 2027/2028 financial year. 5 gigawatts and 2 gigawatts of operational solar, wind, and hybrid power projects. Patel told Reuters on Tuesday that early responses from prospective institutional investors and asset managers have been encouraging.
Companies are seeking to expand renewable energy capacity as the country aims to increase solar and wind power generation to meet rising electricity demand. India maintains coal as its primary power source while pursuing renewable targets.
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