KPI Green Energy Limited subsidiary of KP Group has successfully powered up a total of 965 MWp of capacity in its Independent Power Producer (IPP) portfolio, thanks to the addition of 376 MWp. The update was made public through a regulatory filing dated March 24, 2026. This was an important step in the phased development of its utility-scale renewable energy assets.
Strong Execution Across Projects
The company’s total IPP portfolio stands at 2.17 GWp, with the remaining capacity currently under execution and expected to be commissioned in phases as per schedule. The newly added 376 MWp includes around 182 MWp solar capacity under the 250 MW/350 MWp project and a combination of 164 MWp solar and 30 MW wind capacity under the 370 MW/677 MWp hybrid project, both tied to Gujarat Urja Vikas Nigam Limited (GUVNL).
Key Project Developments
One of the biggest milestones was when KPI Green hired the 200 MW/240 MWp Khavda Solar IPP Project in January 2026 at Khavda Solar Park. This was one of the first projects to go live in the 1.8 GW solar park that Gujarat State Electricity Corporation Limited (GSECL) built.
Additionally, the company achieved early commissioning of its 50 MW/92 MWp hybrid renewable energy project, comprising 16.95 MW wind and 75.2 MWp solar capacity, ahead of the scheduled July 2026 commercial operation date.
Long-Term Contracts Strengthen Revenue Visibility
KPI Green has signed multiple long-term Power Purchase Agreements (PPAs), including projects of 250 MW/350 MWp solar and 370 MW/677 MWp hybrid capacity with GUVNL, with full commissioning targeted by October 2026. These long-term contracts, many spanning up to 25 years, are expected to ensure stable and predictable revenue streams.
Expansion into Wind and Energy Storage
The company has also signed a PPA for a 150 MW wind project with GUVNL in November 2025, which has achieved financial closure and is expected to be commissioned by October 2027.
KPI Green has added to its portfolio by entering the energy storage market through its subsidiary Sun Drops Energia Limited. This company signed a Battery Energy Storage Purchase Agreement with GUVNL for a 445 MW / 890 MWh standalone system.
Strengthening Market Position
KPI Green Energy is still showing that it can do projects well and run them efficiently, now that 965 MWp is up and running. As it builds up its portfolio of contracted renewable energy assets, it moves closer to an asset-backed IPP model, which will help India’s renewable energy sector grow and stay stable in the long term.
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