KP Energy secures LOI for 42 MW wind solar hybrid project in Karnataka

KP Energy has received a Letter of Intent for a 42 MW wind solar hybrid project in Karnataka from Emmvee Energy. The project will combine wind and solar power generation as part of the company's renewable energy business.

The LOI is for development of the hybrid project in Karnataka. The order adds to KP Energy's renewable energy project pipeline as the company works to expand its wind, solar and hybrid operations.

KP Energy gets 42 MW hybrid project

The project from Emmvee Energy has a total capacity of 42 MW and will use both wind and solar power. The LOI marks the formal intent to engage KP Energy for the project.

ParameterDetails
Client	Emmvee Energy
Project type	Wind-solar hybrid
Project capacity	42 MW
Project location	Karnataka
Order instrument	Letter of Intent

The company has not disclosed the expected timeline for converting the LOI into a binding agreement or the project's revenue contribution.

KP Energy FY27 growth guidance

KP Energy had earlier cut its FY27 revenue growth guidance to 30% to 40% from 40% to 50% due to right of way protests affecting project execution. Its IPP segment is targeting 100 MW of installed capacity by the end of FY27.

The company had 48.5 MW of existing IPP capacity and plans to add 200 MW through new projects. The new projects are expected to contribute around ₹200 crore to IPP revenue as they are commissioned.

KP Energy and KP Group expansion

KP Energy is part of the KP Group and develops utility scale wind power infrastructure. Its activities include wind farm development, land and permit acquisition, project engineering and construction, balance of plant infrastructure, and operation of wind and solar assets.

The KP Group had renewable capacity of 5.75 GW as of FY25 and aims to cross 10 GW by 2030. The group has interests across wind, solar, hybrid projects, green hydrogen and energy storage.

KP Energy financial and stock metrics

K.P. Energy was trading at ₹235 on September 9, 2026, with a market capitalisation of ₹1,592 crore. The stock has a P/E of 8.68, book value of ₹77.4, ROCE of 39.2% and ROE of 43.4%.

Metric	Value
Market Cap	₹1,592 crore
Current Price	₹235
High / Low	₹465 / ₹234
Stock P/E	8.68
Book Value	₹77.4
Dividend Yield	0.38%
ROCE	39.2%
ROE	43.4%
Face Value	₹5

KP Energy stock performance

The KP Energy stock has remained under pressure across most recent periods. The stock is down 22.51% over one month, 8.58% over six months and 44.12% over one year based on the supplied market data.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.63%	-3.04%	-22.51%	-8.58%	-44.12%	0.0%

The new 42 MW wind solar hybrid project adds to KP Energy's order pipeline, while investors will track project execution, the conversion of the LOI into a binding agreement and progress towards its FY27 capacity and revenue targets.

Is KP Energy a good stock after the 42 MW Karnataka project?

KP Energy has added a new hybrid project and expanded into Karnataka. However, investors should also track project execution and margins.

Is KP Energy a good renewable energy stock for the long term?

KP Energy has exposure to wind, solar, hybrid projects and IPP assets. Its long term performance will depend on capacity growth and project execution.

Why is KP Energy in the news today?

KP Energy is in focus after receiving a 42 MW wind solar hybrid project LOI from Emmvee Energy in Karnataka.

What is the KP Energy 42 MW project?

The KP Energy project is a 42 MW wind solar hybrid project from Emmvee Energy in Karnataka, combining wind and solar capacity.

Is the KP Energy Karnataka project a good order?

The KP Energy Karnataka project is positive because it adds to the company's renewable project pipeline and expands its presence beyond Gujarat.

What is the KP Energy share price today?

KP Energy was trading around ₹235 on September 9, 2026, based on the supplied market data.

Why is KP Energy share price falling despite the new order?

KP Energy shares are under pressure as investors are also watching lower FY27 growth guidance, right of way issues and project execution risks.

Is KP Energy stock undervalued?

KP Energy has a relatively low P/E based on the supplied metrics, but investors should also consider earnings growth, execution and margins.

What is KP Energy's FY27 growth guidance?

KP Energy has lowered its FY27 revenue growth guidance to 30% to 40% from 40% to 50% due to project execution challenges.

Is KP Energy a good stock to buy for FY27?

KP Energy has project and IPP growth opportunities, but the lower FY27 guidance and execution challenges remain important factors.

What is KP Energy's order book?

KP Energy had an order book of around 2.16 GW valued at ₹2,250 crore in Q1 FY27.

What is KP Energy's IPP capacity target?

KP Energy aims to reach 100 MW of operational IPP capacity by the end of FY27, compared with 48.5 MW currently.

Can the Karnataka project boost KP Energy's growth?

The 42 MW Karnataka project can support KP Energy's geographic expansion and project pipeline, although its financial impact will depend on execution.

Is KP Energy expanding outside Gujarat?

Yes. The 42 MW Karnataka project is KP Energy's first project in Karnataka, expanding its renewable energy presence beyond Gujarat.

What are the biggest risks for KP Energy?

KP Energy faces risks from right of way issues, project execution, grid connectivity, costs and margin pressure.

Is KP Energy a good wind and solar stock?

KP Energy has exposure to wind, solar and hybrid renewable projects. Its investment outlook will depend on how effectively it converts projects into revenue and profits.

What is KP Energy's long term capacity target?

The broader KP Group aims to cross 10 GW of renewable energy capacity by 2030, covering businesses including KP Energy and KPI Green Energy.

What are the KP Energy Q1 FY27 results?

KP Energy reported Q1 FY27 revenue from operations of around ₹519.46 crore and consolidated PAT of ₹26.08 crore.

Is KP Energy good for long term investment?

KP Energy has a large renewable project pipeline and growing IPP capacity, but investors should watch project execution, margins and right of way issues.