KPI Green Energy Limited signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a 50MW Solar-Wind Hybrid Power Project.

KPI Green Energy develops and maintains grid-connected solar power projects, selling the power units generated from its solar plants.

The project, consisting of 50 MW of solar and 16.80 MW of wind power, was awarded through a competitive bidding process by GUVNL on November 1, 2023, and secured via a reverse E-Auction on January 22, 2024.

Last week, KPI received approval from the Chief Electrical Inspector (CEIG) for its 13.60 MW solar power projects under the Independent Power Producer (IPP) segment.

These projects will be added to its power generation asset portfolio through Sun Drops Energia, a wholly-owned subsidiary. Additionally, KPI received CEIG approval for 15 MW of solar power projects under its Captive Power Producer (CPP) business segment.