KPI Green shares gain 4% on landmark deal with Botswana for renewable energy projects

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Shares of KPI Green Energy rallied as much as 4.5% to their day’s high of Rs 437.40 on December 18 after KP Group announced a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana to collaborate on the development of large-scale renewable energy generation, energy storage and transmission infrastructure.

The MoU marks an important milestone in KP Group’s international expansion and Botswana’s ambition to become a net-zero country by 2030. The MoU establishes a framework for cooperation on the planning, development, and implementation of renewable energy and associated transmission projects, aimed at strengthening Botswana’s energy security and positioning it as a clean power exporter within the region.


“Under the MoU, KP Group and the Government of Botswana will work together to develop a host of renewable energy and infrastructure projects that would require capital investment of around $4 billion or Rs 36,000 crore”, the company said in a regulatory filing. These projects are expected to help increase Botswana’s renewable energy capacity to nearly 5 GW.

As part of the understanding, KP Group will lead technical and commercial development activities, including feasibility studies, project design, financing, construction, commissioning, and long-term operation and maintenance of the renewable energy and storage assets.


“For KP Group, the collaboration represents a strategic expansion of its renewable energy footprint beyond India, aligned with its focus on utility-scale clean energy projects in emerging markets,” the management said. “Together, we aim not only to support Botswana’s journey towards net-zero by 2030, but also to create long-term economic value through significant investments and enabling regional exports of clean energy,” it added.

KPI Green Energy shares have been on a weak run, slipping 24% in 2025. However, over the past 5 years, the stock has given tremendous returns of over 600%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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