KPI Green signs PPAs with GUVNL for renewable energy projects
Author: PPD Team Date: October 17, 2024
KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects.
The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW.
Additionally, KPI Green secured a 370 MWAC (642 MWDC) grid-connected hybrid renewable energy project under Phase II, also through competitive bidding, followed by a reverse e-auction for a 500 MW hybrid RE project with a similar greenshoe option.