3 days ago
KPI Green Energy to develop 150 MW wind power projects in Gujarat
KPI Green Energy Ltd
, the solar and hybrid energy arm of the KP Group, has secured a Letter of Intent (LoI) from
Gujarat Urja Vikas Nigam Limited
(GUVNL) to develop 150 megawatts (MW) of
wind power projects in Gujarat
.
The LoI was awarded following
KPI Green Energy
's successful participation in a competitive bidding process initiated by GUVNL, specifically under its 'Wind Phase IX' tender. The company emerged as a successful bidder in a reverse e-auction held on April 22, 2025.
While the LoI is a crucial step, the formal Power Purchase Agreement (PPA) with GUVNL will be executed only after obtaining the necessary approvals from the Gujarat Electricity Regulatory Commission (GERC).
GERC is the state regulatory body responsible for overseeing the electricity sector in Gujarat, including the approval of power purchase agreements to safeguard consumer interests and ensure a stable energy supply.
The company aims to scale its overall renewable energy capacity to 10 GW by 2030, and this 150 MW wind power project represents a key step towards achieving that ambitious target.
