KPI Green Energy has formally established a new special purpose vehicle (SPV) aimed at accelerating its initiatives in the renewable energy space. The SPV, named KPIN Clean Power Three LLP, received approval for incorporation from the Ministry of Corporate Affairs on July 2, 2025.

This strategic move is part of the company’s broader plan to enhance its role in the clean energy transition and align with national and global sustainability goals. The primary objective of the new entity is to focus on the generation, development, transformation, distribution, transmission, sale, and supply of power or electrical energy derived from various renewable energy sources, including wind and solar power.

By setting up this SPV, KPI Green Energy aims to create a dedicated platform that will streamline the execution of renewable energy projects, attract potential investments, and enable faster regulatory approvals. The initiative reflects the company’s commitment to diversifying its energy portfolio and supporting India’s efforts to increase the share of renewables in its energy mix.

News source: Money Rediff