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KPI Green Energy signs power purchase agreements with Gujarat Urja Vikas Nigam

15 Oct 2024 Evaluate

KPI Green Energy has successfully signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620MWAC (917MWDC) renewable energy projects. 

Out of the total, 250MWAC (275MWDC) grid connected Solar Photovoltaic Power Project won through competitive bidding process dated March 15, 2024 issued by GUVNL for Procurement of Power from 500 MW grid connected Solar Photovoltaic Power projects located at anywhere in India with Green shoe option of additional capacity up to 500MW without energy storage and 370MWAC (642MWDC) grid-connected Hybrid RE Power Project won through competitive bidding process dated February 14, 2024 issued by GUVNL for procurement of power through 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.

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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