KPI Green Energy Limited has announced the successful energization of an additional 171.5 MWp of renewable energy capacity at its project sites in Bharuch, Gujarat. The latest achievement includes 49.7 MWp of capacity added to its ongoing solar power project and 121.8 MWp to its hybrid power project, marking further progress in the company’s renewable energy expansion plans.
The company is developing both projects as an independent power producer (IPP) under long-term power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL). These agreements provide a long-term framework for supplying renewable electricity and support the company’s growing power generation portfolio.
With the latest energization, KPI Green Energy has achieved cumulative energization of 300.8 MWp out of the planned 350 MWp capacity under its solar IPP project. This represents significant progress towards completing the project’s overall development target.
Meanwhile, the company’s 370 MW / 677 MWp hybrid power project has reached 510.7 MWp of energized capacity. The operational capacity includes 449.2 MWp of solar power and 61.5 MW of wind power. The combined solar and wind configuration is expected to support renewable electricity generation through different energy sources.
The latest development reflects KPI Green Energy’s continued efforts to expand its presence in India’s renewable energy sector. The company is focusing on increasing its independent power producer portfolio while strengthening its engineering, procurement, and construction (EPC) business.
Progressive commissioning of renewable energy projects under long-term PPAs can help improve revenue visibility and support stable cash flows. As the company advances towards completing its planned capacities, these projects are expected to contribute to its long-term growth strategy and strengthen its position in Gujarat’s renewable energy market.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
