K.P. Energy receives LOI for 42 MW Karnataka wind-solar project
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K.P. Energy received a Letter of Intent from Emmvee Energy to build a 42 MW wind-solar hybrid project in Karnataka under a group captive arrangement. It includes 21 MW of wind and 21 MWp of solar capacity for Emmvee's manufacturing facilities. This is the company's first Karnataka order and expands its presence in the commercial and industrial renewable energy market. The order value and completion timeline were not disclosed.
The LOI adds a new customer and supports geographic expansion, but revenue impact and execution timing remain uncertain.