KPI Green Energy Limited, a KP Group company, has commenced power generation and supply to the Gujarat state grid from its 92.15 MWp Independent Power Producer (IPP) Hybrid Power Project, marking a significant milestone in the company’s renewable energy portfolio. The project was awarded by Gujarat Urja Vikas Nigam Limited (GUVNL) under the competitive bidding process for hybrid renewable energy projects, the company said in a statement and exchange filing.
The hybrid project, with GUVNL as the designated offtaker, has an aggregate contracted capacity of 92.15 MWp. This includes 16.95 MW of wind power capacity and 75.2 MWp of solar power capacity. The project has successfully achieved grid synchronisation, and power injection into the state grid has commenced well ahead of its scheduled completion timeline of July 2026.
According to the company, the early commencement of power supply underscores the timely execution and operational readiness of the hybrid renewable energy asset. With the initiation of power generation, the project is expected to begin contributing to KPI Green Energy’s revenue on a sustained basis, in line with the long-term Power Purchase Agreement (PPA) executed with GUVNL. The long-term contracted nature of the project is expected to ensure stable and predictable cash flows, thereby strengthening the company’s overall renewable energy portfolio.
Commenting on the development, Dr. Faruk G. Patel, Chairman and Managing Director of KPI Green Energy, said, “The early start of power supply from this Hybrid IPP project for GUVNL demonstrates our team’s strong execution capabilities and our continued focus on the timely delivery of large scale renewable energy projects. Hybrid solutions play an important role in enhancing generation reliability, and this milestone reinforces our position as a trusted renewable energy partner for state utilities.”
The company further stated that the project reinforces KPI Green Energy’s strategic focus on expanding its presence across wind, solar, and hybrid power segments. By integrating complementary renewable generation sources, the project is expected to support grid stability while improving overall energy reliability.
KPI Green Energy added that the commissioning of the hybrid project aligns with its long-term objective of building a diversified and resilient renewable energy portfolio. The company highlighted that such projects are central to its strategy of contributing to long-term value creation for stakeholders while supporting the state’s clean energy transition goals.
The commencement of power supply from the 92.15 MW hybrid project represents a key operational milestone for KPI Green Energy, reflecting its continued commitment to executing utility-scale renewable energy projects within scheduled timelines and enhancing its role in India’s evolving renewable energy landscape.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
