KPI Green Energy has signed a Power Purchase Agreement (PPA) for 200MWAC (240MWp) grid connected Solar Photovoltaic Power Project won through competitive bidding process vide RFS No. GUVNL/800 MW/Khavda/Solar (Phase XX) dated 20.05.2023 issued by GUVNL for Procurement of Power from 800 MW grid connected Solar Photovoltaic Power Projects located in Gujarat State Electricity Corporation (GSECL) Solar Park at Khavda (GSECL Stage 2) with Greenshoe option of additional capacity upto 800MW has been signed and executed with Gujarat Urja Vikas Nigam (GUVNL).

The project is slated to be developed within the Gujarat State Electricity Corporation Ltd (GSECL) Solar Park at Khavda (GSECL Stage 2).

"It is truly an honor for our company to play a pivotal role in providing the nation with environmentally friendly and sustainable renewable energy. This agreement underscores our unwavering dedication to realizing our ambitious goal of reaching a capacity of 1000 MWp by 2025," KPI Green Energy said in a statement.

The PPA includes a Greenshoe option, allowing for an additional capacity of up to 800MW, a testament to the scalability and potential of the project to meet growing energy demands while adhering to green energy standards.