KPI Green Energy Ltd Signs PPA for 50MW Solar-Wind Hybrid Power Project with GUVNL.

KPI Green Energy Limited has successfully inked a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 50MW Solar-Wind Hybrid Power Project. This project, combining 50 MW of Solar and 16.80 MW of Wind energy, was awarded following a competitive bidding process initiated under RFS No. GUVNL / 500 MW / Hybrid RE (Phase I) issued by GUVNL on November 1, 2023. It was secured through a reverse e-Auction conducted on January 22, 2024.

"We are honored to contribute towards delivering environmentally friendly and sustainable renewable energy to the nation," remarked a spokesperson from KPI Green Energy Ltd. "This achievement accelerates our efforts towards achieving our ambitious goal of reaching 1000 MWp capacity by 2025."

The project underscores KPI Green Energy's commitment to expanding renewable energy infrastructure in India, aligning with national goals of enhancing clean energy production and reducing carbon emissions. The PPA ensures a stable framework for the development and operation of the Solar-Wind Hybrid Project, supporting Gujarat's renewable energy objectives and contributing to the state's energy security and sustainability efforts.

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