KPI Green Energy has won a wind-solar power project from Gujarat Urja Vikas Nigam Limited (GUVNL). The 50 MW wind-solar hybrid power project, comprises of 16.80 MW wind and 50MW solar. The company had participated in the competitive bidding process under the procurement of power through competitive bidding process issued by GUVNL on 1 November 2023, followed by a reverse e-auction held on 22 January 2024. This tender was for the development of 500 MW hybrid renewable power projects with a greenshoe option of additional capacity up to 500 MW. The firm received letter of intent (LoI) for 50MW wind-solar hybrid power project on 14 March 2024. The power purchase agreement (PPA) with GUVNL shall be executed after obtaining the approval of the Gujarat Electricity Regulatory Commission (GERC).