KPI Green Energy’s subsidiary – Sun Drops Energia has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL).
The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL for procurement of Standalone BESS capacity under Phase-VII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
Under the terms of the BESPA, Sun Drops Energia will develop, own and operate Standalone BESS Projects with an aggregate capacity of 445 MW / 890 MWh at multiple locations in the State of Gujarat and make the contracted battery energy storage capacity available to GUVNL on a long-term basis.
The execution of BESPA marks a significant milestone for the Group as it formally progresses into the implementation phase of its first utility-scale IPP Battery Energy Storage System project, further strengthening its presence across emerging segments of the renewable energy ecosystem.
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. The company is a part of KP Group.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4012.65 |
| Rail Vikas Nigam | 297.65 |
| NCC | 163.60 |
| KEC International | 560.70 |
| Kalpataru Projects | 1248.65 |
| View more.. | |
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