KPI Green Energy Limited Successfully Energises 965 MWp Capacity out of its 2.17 GWp Independent Power Producer (IPP) Portfolio – EQ
New Delhi – KPI Green Energy Limited has successfully energised a total of 965 MWp capacity under its Independent Power Producer (IPP) portfolio, following the recent energisation of an additional 376 MWp capacity. This includes approximately 182 MWp solar capacity from the GUVNL 250/350 MWp project and ~164 MWp solar capacity, along with ~30 MWp wind capacity from the GUVNL 370 MW/677 MWp hybrid project. This milestone marks significant progress in the phased development of the Company’s utility-scale renewable energy assets.
With a total IPP portfolio of 2.17 GWp, the balance capacity is currently under execution and is expected to be commissioned in a phased manner as per scheduled timelines. The continued execution of large-scale renewable projects strengthens KPI Green’s position as a leading Independent Power Producer while enhancing long-term revenue visibility through a growing base of contracted renewable energy assets under long-term Power Purchase Agreements (PPAs).
“Energising 965 MWp capacity under our IPP portfolio marks a significant milestone in KPI Green’s growth journey and reflects our strong project execution capabilities and commitment to India’s clean energy transition. With a total IPP portfolio of 2.17 GWp, we are steadily progressing towards commissioning the balance capacity in a phased manner. Our continued expansion across solar, wind, hybrid, and now energy storage solutions positions us well to deliver reliable, sustainable power while creating long-term value for all our stakeholders,” said Dr. Faruk G. Patel, Chairman and Managing Director of KP Group.
As part of key project developments, KPI Green commissioned and began power injection from its 200 MW (240 MWp) solar IPP project at Khavda Solar Park (South Block) in January 2026, making it one of the earliest operational projects within the 1.8 GW solar park developed by Gujarat State Electricity Corporation Limited. The project operates under a long-term PPA with Gujarat Urja Vikas Nigam Limited. The Company also achieved early commissioning and power injection for its 92.15 MWp hybrid renewable energy project, comprising wind and solar capacity, ahead of its scheduled July 2026 commercial operation date, demonstrating strong execution capabilities in hybrid renewable projects.
Under long-term PPAs signed with GUVNL in October 2024, KPI Green is developing 250 MW/350 MWp grid-connected solar and 370 MW/677 MWp grid-connected hybrid projects, with a significant portion already energised and the remaining capacity targeted for completion by October 2026.
Additionally, KPI Green has signed a PPA for a 150 MW wind IPP project with GUVNL, which has achieved financial closure and is currently under execution, with commissioning expected by October 2027.
Further expanding its clean energy portfolio, KPI Green’s subsidiary, Sun Drops Energia Limited, has executed a Battery Energy Storage Purchase Agreement for 445 MW / 890 MWh standalone Battery Energy Storage Systems, marking the Company’s entry into utility-scale energy storage and strengthening its renewable energy integration and grid stability capabilities.
About KP Group
Established in 1994 by Dr. Faruk G. Patel, KP Group has grown into a multi-faceted conglomerate with core expertise in renewable energy, infrastructure, and innovation. Over the past three decades, the group has championed sustainability by spearheading transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS), and green hydrogen, thereby contributing to India’s green energy mission. With a strong portfolio of renewable energy projects, KP Group has earned a reputation as a trusted partner for companies committed to reducing their carbon footprint. The group remains steadfast in its mission to contribute meaningfully to India’s energy transition while setting new benchmarks in the renewable energy sector.
