Core Insights - NU E Power Corp. announces the appointment of Mr. Eugene Hodgson to its Board of Directors, enhancing corporate governance as the company develops large-scale hybrid power sites and surpasses 1 gigawatt of global hybrid power capacity [2][6]. Company Developments - The company is advancing its Alberta development program with projects Lethbridge Two and Lethbridge Three, located near Lethbridge Airport, which are part of its strategy to expand its hybrid power capabilities [5][7]. - The expected output from these projects is approximately 327,000 MWh annually, with a carbon offset of around 135,000 tonnes per year [7]. Leadership and Expertise - Mr. Hodgson brings over 30 years of experience in energy infrastructure and structured finance, having held senior leadership roles and served on the boards of several publicly listed companies [3][4]. - His expertise includes green power, public-private partnerships, and complex infrastructure structuring, which will support NU E's growth in the renewable energy sector [3][4]. Market Positioning - NU E Power is positioned to address the increasing energy demands from both the digital economy (AI, cloud, telecom, Bitcoin) and traditional sectors (communities, industry, utilities) amid global economic pressures [8][9]. - The company employs a hybrid approach that combines renewable energy, grid power, gas generation, and storage to deliver scalable and reliable energy solutions [9].

Core Insights - KPI Green Energy has secured a ₹3,200 crore finance facility from State Bank of India for solar and hybrid independent power producer projects totaling over 1 GWp in Gujarat [1][2] - The projects include a 250 MW solar power project and a 370 MW hybrid power project, which consists of 557 MWp solar and 124.20 MW wind components [1][2] Project Details - Both projects are backed by 25-year long-term power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL) and are being developed in Bharuch and Surendranagar districts of Gujarat [3] - The funding structure for the projects will follow a 75:25 debt-equity ratio, with funds allocated for project costs, reimbursement of incurred expenses, and related development costs [3] Strategic Importance - The sanction from State Bank of India is seen as a validation of KPI Green Energy's capabilities and long-term vision, aiming to expand its operational portfolio and strengthen annuity income streams [4] - Upon commissioning, these projects will contribute significantly to KP Group's target of 10 GW by 2030, enhancing recurring revenue streams and profitability [5] Environmental Impact - The projects are expected to eliminate over 1.5 million tonnes of carbon dioxide emissions annually, which is equivalent to planting more than 65 million trees each year, highlighting the company's commitment to sustainability [5] Company Background - KP Group, established in 1994 by Faruk G Patel, has evolved into a multi-faceted conglomerate with expertise in renewable energy, infrastructure, and innovation [6]