KPI Green Energy Inks Deal for 50MW Hybrid Project

KPI Green Energy has signed a pact to supply power from a 50MW solar-wind hybrid project to Gujarat Urja Vikas Nigam. The project was secured through a reverse e-auction on January 22, 2024. This initiative aligns with KPI's goal to reach 1,000 MWp capacity by 2025.

KPI Green Energy has successfully inked a deal to supply power from a 50MW solar-wind hybrid project, partnering with Gujarat Urja Vikas Nigam. The project includes 50 MW solar and 16.80 MW wind components, earned through a competitive bidding process on November 1, 2023, followed by a reverse e-auction on January 22, 2024.

The agreement, now formalized as a Power Purchase Agreement (PPA), propels KPI Green Energy towards its ambitious goal of achieving a 1,000 MWp capacity by 2025. This landmark deal significantly strengthens the company's renewable energy portfolio.

With this successful bid, KPI Green Energy underscores its commitment to accelerating India's journey towards sustainable energy solutions. This agreement not only enhances its project footprint but also paves the way for future large-scale hybrid energy projects.