KPI Green Energy Signs PPA for 620 MW of Grid-Connected Renewable Energy Projects in Gujarat – EQ
In Short : KPI Green has signed a power purchase agreement (PPA) for 620 MW of grid-connected renewable energy projects in Gujarat. This initiative aims to bolster the state’s renewable energy capacity, contributing to sustainable development and clean energy goals. The projects are expected to play a significant role in enhancing the region’s energy infrastructure while promoting environmentally friendly practices.
In Detail : KPI Green Energy Limited has signed significant power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL) for a total of 620 megawatt alternating current (MWAC) of renewable energy projects. These projects will be integrated into the grid, contributing to the state’s renewable energy capacity.
Among the projects included in this deal is a 250 MWAC solar photovoltaic power project. This project was secured through a competitive bidding process held on March 15, 2024, highlighting KPI Green’s competitive edge in the renewable energy sector.
Additionally, the agreement encompasses a 370 MWAC hybrid renewable energy project. This project was obtained through another competitive bidding process on February 14, 2024, further emphasizing the company’s commitment to diversifying its energy offerings.
KPI Green expressed pride in its role in supporting India’s transition to environment-friendly and sustainable renewable energy. The company aims to reinforce its commitment to clean energy solutions through these new projects.
The agreements are part of KPI Green’s broader strategy to achieve an ambitious target of 10 gigawatts (GW) of renewable energy capacity by 2030. This goal aligns with national efforts to enhance renewable energy sources and reduce carbon emissions.
Overall, these initiatives represent a significant step forward for KPI Green as it contributes to the growing renewable energy landscape in India, ensuring a more sustainable energy future.
