KPI Green Energy Limited has received a Letter of Intent (LOI) for the development of a 33.6 MW/76.6 MW DC Wind-Solar Hybrid Power Project in Gujarat under a Group Captive arrangement. The company disclosed the development in a regulatory filing dated September 1, 2026.
The project comprises 33.6 MW of wind capacity and 33.6 MW AC/43 MW DC of solar capacity, aggregating to 33.6/76.6 MW DC. The project will be developed for a domestic private body corporate under the Group Captive framework.
As part of the project structure, a Special Purpose Vehicle (SPV) will be established for the development, ownership and operation of the hybrid power project in Gujarat.
KPI Green Energy said the project will strengthen its presence in the Commercial & Industrial (C&I) and Group Captive renewable energy segments, while enhancing its capabilities across wind, solar and hybrid power. The project will also add to the company’s order book and support its strategy of expanding through IPP, Group Captive and EPC opportunities.
The company is required to complete the project’s development, construction and commissioning within 14 months from Stage-2 connectivity, and in any case no later than December 31, 2027. The Energy Supply Agreement will have a 25-year term from the Commencement Date.
The latest announcement is consistent with reports published on September 1, 2026, which also identify the project as a 76.6 MW DC wind-solar hybrid development in Gujarat under a Group Captive arrangement.
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