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KPI Green Energy inks power purchase agreement with Gujarat Urja Vikas Nigam

05 Jul 2024 Evaluate

KPI Green Energy has successfully signed a Power Purchase Agreement (PPA) for a 50MW Solar-Wind Hybrid Power Project with Gujarat Urja Vikas Nigam (GUVNL). This project, comprising of 50 MW Solar and 16.80 MW Wind, was awarded through a competitive bidding process outlined in RFS No. GUVNL / 500 MW / Hybrid RE (Phase I) issued by GUVNL on November 1, 2023, and secured through a reverse E-Auction on January 22, 2024. This achievement bolsters and speeds up its efforts to reach its ambitious goal of 1000 MWp capacity by 2025.

KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers.


Peers
Company Name CMP
Larsen & Toubro 3928.00
Kalpataru Projects 1412.20
NCC 136.00
Rail Vikas Nigam 211.60
KEC International 402.35
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