KPI Green Energy energizes 130 MW solar capacity under PPA with GUVNL in Bharuch, Gujarat
Type: Ppa · Technology: Hybrid · Country: India · Capacity: 130 MW · Announced: 2026-08-19
KPI Green Energy has energized an additional 130 MW solar capacity as part of its 370 MW wind-solar hybrid project located in Bharuch, Gujarat. This brings the total energized capacity under the project to 269.7 MW. The project operates under a long-term power purchase agreement with Gujarat Urja Vikas Nigam Ltd. (GUVNL). This expansion contributes to KPI Green Energy's renewable energy portfolio and supports recurring revenue visibility and earnings stability.
Analysis
KPI Green Energy announced on 2026-08-19 the energization of an additional 130 MW solar capacity in Bharuch, Gujarat, under a long-term power purchase agreement with GUVNL. This brings the total energized capacity under the 370 MW wind-solar hybrid project to 269.7 MW. Surat, India-based KPI Green Energy is a renewable energy developer and IPP with over 500 MW of operational solar and wind power projects. GUVNL, a state-owned electricity utility holding company based in Vadodadra, India, is responsible for electricity generation, transmission, and distribution. The PPA supports recurring revenue visibility and earnings stability for KPI Green Energy.
Key points
- KPI Green Energy energized 130 MW solar capacity.
- The project is a 370 MW wind-solar hybrid located in Bharuch, Gujarat.
- Total energized capacity under the project is now 269.7 MW.
- The PPA is with Gujarat Urja Vikas Nigam Ltd. (GUVNL).
- Announcement date: 2026-08-19.
Counterparties
- KPI Green Energy (Developer)
- GUVNL (Offtaker)
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