The coal project is set to commence commissioning in phases, starting from December 2030.
Solar energy is less capital-intensive than wind projects, which face delays that are slowing overall grid decarbonisation.
The new facility will convert thin-film solar cells produced by the company's global fleet into fully completed modules.
KP Group will lead site identification and development while Senvion India will supply wind turbine generators.
The latest collaboration aims to deliver mutual benefits and establish projects for a more sustainable power grid.