KPI Green Energy Limited has strengthened its position as a leading Independent Power Producer (IPP) by energising an additional 35 MWp of solar capacity, taking its total operational IPP capacity to 589 MWp.
The company continues to build a strong renewable energy pipeline, with 1,582 MWp currently under development, positioning its overall IPP portfolio to reach 2.17 GWp in the near term.
The latest capacity addition reflects the company’s steady progress in expanding its renewable energy footprint while delivering long-term value through sustainable energy infrastructure. KPI Green Energy’s projects operate largely under long-term Power Purchase Agreements (PPAs), many extending up to 25 years, ensuring stable and predictable revenue streams.
Among the company’s key developments is the 200 MW (240 MWp) solar IPP project at Khavda Solar Park (South Block), one of the early operational projects within the 1.8 GW solar park developed by Gujarat State Electricity Corporation Limited (GSECL). The project operates under a long-term PPA with Gujarat Urja Vikas Nigam Limited (GUVNL).
Commenting on the development, Dr. Faruk G Patel, Chairman & Managing Director, KP Group, said, “The addition of 35 MWp to our operational capacity marks another important milestone in KPI Green Energy’s growth journey. With a robust pipeline of projects under development and strong partnerships through long-term PPAs, we are steadily building a diversified renewable energy portfolio. Our continued focus on solar, hybrid, and energy storage solutions reflects our commitment to supporting India’s clean energy transition while creating a resilient and sustainable energy ecosystem.”
Further strengthening its renewable portfolio, KPI Green Energy has also achieved grid synchronisation and power injection ahead of schedule for its 92.15 MWp hybrid renewable energy project, comprising 16.95 MW of wind capacity and 75.2 MWp of solar capacity, demonstrating the company’s strong project execution capabilities.
The company is also progressing with its 620 MW / 917 MWp hybrid renewable energy IPP portfolio under two long-term PPAs with GUVNL, which includes a 250 MW / 350 MWp solar project and a 370 MW / 642 MWp hybrid project. These projects are scheduled for completion by October 2026.
In addition, Sun Drops Energia Limited, a subsidiary of KPI Green Energy, has entered the energy storage segment by signing a Battery Energy Storage Purchase Agreement (BESPA) with GUVNL for 445 MW / 890 MWh of standalone battery energy storage systems. This move marks the company’s strategic expansion into utility-scale energy storage, aimed at improving grid stability and enhancing renewable energy integration.
The expanding portfolio highlights KPI Green Energy’s strategic shift towards a long-term asset-backed IPP model, complemented by its established engineering, procurement, and construction (EPC) capabilities, enabling the company to play a significant role in India’s renewable energy growth story.
