KPI Green Energy Secures 150 MW Wind Project to Boost Gujarat’s Renewable Push – EQ
In Short : KPI Green Energy has secured a 150 MW wind power project from Gujarat Urja Vikas Nigam Ltd (GUVNL) under its Phase IX tender. The project marks a significant boost to KPI’s renewable portfolio, aligning with its 2030 green energy goals. A Letter of Intent has been received, with Power Purchase Agreement pending approval from the Gujarat Electricity Regulatory Commission (GERC).
In Detail : KPI Green Energy has secured a significant 150 MW wind power project from Gujarat Urja Vikas Nigam Limited (GUVNL) under its Phase IX tender. This achievement highlights the company’s growing presence in the renewable energy sector and its capability to compete successfully in competitive bidding processes.
The tender, issued by GUVNL, was part of a 250 MW wind power auction held earlier this year, which included a greenshoe option for an additional 250 MW. KPI Green emerged as one of the winners, receiving the Letter of Intent (LoI) for 150 MW of wind capacity in July 2025.
The project will be developed in Gujarat, further strengthening the state’s position as a leader in renewable energy deployment. It will contribute to Gujarat’s commitment to clean energy and the national target of 500 GW non-fossil fuel capacity by 2030.
KPI Green Energy is expected to sign the Power Purchase Agreement (PPA) with GUVNL after receiving regulatory approvals from the Gujarat Electricity Regulatory Commission (GERC). The execution of the PPA will officially initiate the development phase of the project.
Following the announcement, KPI Green’s stock witnessed a positive response from investors, reflecting market confidence in the company’s ability to deliver large-scale green energy projects. The company’s long-term vision includes expanding its renewable portfolio to 10 GW by 2030.
This project also aligns with Gujarat’s broader efforts to strengthen its green energy infrastructure and integrate more renewable sources into the power grid. It adds momentum to the state’s growing wind energy capacity and supports a cleaner, more sustainable future.
