KPI Green Energy Ltd Signs PPA for 620MW for grid connected Solar, Hybrid RE projects

New Delhi: KPI Green Energy Limited has signed Power Purchase Agreements with Gujarat Urja Vikas Nigam Limited (‘GUVNL’) for 620MWAC (917MWDC) renewable energy projects.

250 MWAC (275MWDC) grid-connected Solar Photovoltaic Power Project won through a competitive bidding process vide RFS No. GUVNL / 500 MW / Solar (Phase-XXIV) dated March 15, 2024, issued by GUVNL for Procurement of Power from 500 MW grid-connected Solar Photovoltaic Power projects located anywhere in India with Green-shoe option of additional capacity up to 500MW without energy storage.

370 MWAC (642MWDC) grid-connected Hybrid RE Power Project won through a competitive bidding process vide RFS No. GUVNL / 500 MW / Hybrid RE (Phase-II) dated February 14, 2024, issued by GUVNL for procurement of power through a competitive bidding process (followed by reverse e-auction) from 500 MW Hybrid RE project (Phase - II) with Green-shoe option of additional capacity up to 500MW without energy storage.

It will contribute to the nation’s transition to environment-friendly and sustainable renewable energy, reinforcing and accelerating our commitment to achieve our ambitious target of 10 GW capacity by 2030.