KPI Green Energy Signs 300 MW Wind Power PPA With SJVN At ₹3.64 Per Unit For 25 Years

KPI Green Energy Limited has strengthened its renewable energy portfolio by signing a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected wind power project. The contract was secured through a competitive bidding process conducted under SJVN’s 600 MW ISTS-connected Wind Power Projects (WIND-3) scheme.

Under the agreement, KPI Green Energy will supply wind power at a fixed tariff of ₹3.64 per unit for a period of 25 years. The project is expected to commence power supply within 24 months from the effective date of the agreement. The long-term arrangement is expected to provide stable revenue visibility and strengthen the company’s presence in India’s utility-scale renewable energy sector.

The agreement marks an important addition to KPI Green Energy’s wind energy portfolio and supports its strategy to expand its independent power producer (IPP) business. Through this project, the company aims to increase its renewable energy generation capacity while contributing to India’s growing demand for clean and sustainable electricity.

The development is also aligned with the company’s broader KP 3.0 strategic roadmap, which targets the development of 10 GW of owned IPP capacity by FY2032. The roadmap reflects the group’s ambition to establish a larger presence in the renewable energy market through the expansion of its solar, wind and other clean energy projects.

The 25-year power purchase arrangement with SJVN is expected to support predictable long-term cash flows and strengthen KPI Green Energy’s position in the competitive renewable energy market.

The company also clarified that SJVN Limited is an independent third party and has no involvement with KPI Green Energy’s promoters or promoter group. Accordingly, the transaction does not qualify as a related party transaction.

The agreement represents another step in KPI Green Energy’s efforts to expand its renewable energy portfolio and advance its long-term growth strategy in India’s clean energy sector.