KPI Green Energy Signs BESPA Agreement for 445 MW/890 MWh BESS Projects.

KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Limited, has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL).

The agreement follows a Letter of Intent issued on January 3, 2026, for developing self-owned

Independent Power Producer (IPP) standalone Battery Energy Storage System (BESS) projects totaling 445 MW/890 MWh across multiple locations in Gujarat. These projects were awarded under GUVNL’s Phase-VII tariff-based competitive bidding, with support from Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).

Sun Drops Energia will be responsible for the development, ownership, and operation of the BESS facilities, providing the contracted capacity to GUVNL on a long-term basis. The projects aim to enhance grid stability and support greater renewable energy integration in the state.