KPI Green Energy

India | News | Renewable Energy

KPI Green wins Rs 1,050 crore LOI for RTC green power project
By October 30, 2025October 30, 2025

KPI Green Energy Limited has received a Letter of Intent from UAE-based FVE Lifecare General Trading LLC, part of the F Plus Group, for a 600 MW Round-the-Clock (RTC) Green Power Project valued at about Rs 1,050 crore. The agreement follows an earlier MoU with F Plus Healthcare Technologies. The project will supply captive and group-captive renewable power for F Plus facilities worldwide and may be structured through a Power Purchase Agreement, Joint Venture, or…

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India | News | Renewable Energy

KPI Green Energy wins Rs 696.5 crore solar EPC project from SJVN
By October 23, 2025October 28, 2025

KPI Green Energy Limited has received a contract worth Rs 696.50 crore from SJVN Limited for a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat. The project includes engineering, procurement, construction (EPC), and a long-term operation and maintenance (O&M) agreement. The award is divided into three contracts. The first, covering the supply of all plant and equipment, is valued at Rs 486.89 crore. The second, for erection, testing,…

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KPI Green Energy wins LoA for 100 MW solar project
By October 10, 2025October 28, 2025

KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Private Limited, has been awarded Letters of Award for a 100 MW solar power project under the Captive Power Producer (CPP) segment. The project will be executed on a turnkey basis under the Domestic Content Requirement (DCR) module category, covering supply, service, and operations & maintenance (O&M) for the project’s operational life. Additionally, KPI Green Energy has obtained the Category A Power Trading Licence…

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India | News | Renewable Energy

KPI Green secures Rs 3,200 crore sanction from SBI for Gujarat projects
By September 29, 2025October 28, 2025

KPI Green Energy Limited has received a sanction of Rs 3,200 crore from the State Bank of India to support its solar and hybrid power projects in Gujarat with a combined capacity of over 1 GWp. The sanctioned amount includes both fund-based and non-fund-based facilities. It will part-finance the company’s 250 MW solar project and 370 MW hybrid project, which together add over 1 GWp to its independent power producer portfolio. The solar project will…

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News | Finance | India

KPI Green raises Rs 670 crore through India’s first externally credit-enhanced green bond
By September 22, 2025October 28, 2025

KPI Green Energy Limited has issued India’s first externally credit-enhanced green bond on the National Stock Exchange, raising Rs 6.70 billion. The five-year bond carries an annual coupon of 8.5 per cent and has been rated AA+ by both CRISIL and ICRA. The bond is backed by a 65 per cent partial guarantee from GuarantCo, part of the Private Infrastructure Development Group, funded by several governments, including the UK, Switzerland, Australia, Sweden, the Netherlands, France,…

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KPI Green wins GUVNL’s 150 MW wind project
By July 16, 2025July 17, 2025

KPI Green Energy Private Limited has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for setting up a 150 MW grid-connected wind power project under Phase IX. The LoI was issued on July 14, 2025. The project was awarded through a competitive bidding process for 250 MW, with a greenshoe option of another 250 MW. The power purchase agreement will be executed after approval from the Gujarat Electricity Regulatory Commission…

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KPI Green sets up new SPV for renewable energy projects
By July 7, 2025July 7, 2025

KPI Green Energy Limited has incorporated a new special purpose vehicle (SPV), KPIN Clean Power Two LLP, on June 28, 2025. The SPV has been formed to implement renewable energy (RE) projects across India. The new entity will be involved in generating, developing, transmitting, and supplying power using solar, wind, or other renewable sources. It will also have the capacity to sell electricity on a commercial basis and manage power plants either directly or through…

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KPI Green terminates 66.2 MW CPP hybrid project with Sai Infinium
By April 9, 2025April 9, 2025

KPI Green Energy Limited has terminated the Letter of Award (LoA) it received from Sai Bandhan Infinium Private Limited for developing a 66.2 MW wind-solar hybrid power project. The decision was made due to changes in technical requirements after the LoA was issued. The LoA was awarded in September 2024. The project was to be developed under the Captive Power Producer (CPP) segment and completed in tranches by July 2025. In the CPP model, KPI…

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Bondada Engineering wins Rs 884.98 million contract from KPI Green
By January 23, 2025January 23, 2025

Bondada Engineering Limited has won a Rs.884.98 million contract from KPI Green Energy Limited for the supply of Balance of System (BoS) items and services. The contract includes engineering, procurement, construction, and commissioning (EPCC) works for solar power projects at Vagra, Amod, and Rajkot in Gujarat. The project is scheduled for completion within 90 days of receiving the purchase order, awarded on January 21, 2025.

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KPI Green Energy targets early completion of 200 MW solar project
By January 16, 2025January 16, 2025

KPI Green Energy, which secured a 200 MW CTU-connected solar project from Gujarat Urja Vikas Nigam (GUVNL) in August 2023, aims for early completion. The power purchase agreement (PPA) was signed on March 1, 2024, with a scheduled commercial operation date (SCOD) between May 31, 2025, and November 30, 2025. Upon completion of the Khavda project, KPI’s operational IPP portfolio will grow from 171 MWp to 411 MWp, marking a significant milestone in renewable energy….

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