KP Energy Limited (KP Energy) has received a Letter of Award (LoA) from Enerparc Energy Private Limited (Enerparc) to develop a 40.8 megawatt (MW) wind?solar hybrid power project in Gujarat. The award comprises approximately 20.2 MW of wind capacity and 20.6 MW of solar capacity. The company secured the contract on a complete turnkey basis and will be responsible for the supply, installation and commissioning. The scope includes development of evacuation infrastructure and facilitation of grid connectivity.

The award is expected to strengthen KP Energy's position as an integrated renewable energy solutions provider and to enhance its execution pipeline in the wind?solar hybrid segment. The project aligns with the company’s stated plans and adds to its portfolio of executed hybrid assets. It will require obtaining requisite statutory and regulatory approvals and coordination with local grid authorities. The turnkey engagement is designed to expedite delivery and reduce integration risk.

The latest award contributes to KP Energy’s previously declared target to add 100 MW of independent power producer (IPP) capacity by 2027–28, and it follows the completion of 48.5 MW of hybrid capacity. The company indicated that the new project will support delivery of the remaining 51.5 MW well ahead of the stated timeline. KP Group has also entered into a framework to jointly develop up to two gigawatt (GW) of wind and wind?solar hybrid projects with Senvion India. That agreement involved group entities and Global Renewable Energy Development Holding Company Limited, the Dubai investment arm of the Alfanar Group.

The transaction reflects a broader trend in India’s renewable energy sector towards larger turbine platforms, hybrid configurations and round?the?clock models, alongside compressed execution timelines. Market participants are increasingly adopting integrated delivery models to manage complexity and accelerate commissioning. The KP Energy project in Gujarat is expected to broaden the company’s hybrid footprint and to reinforce its capacity to undertake similar turnkey assignments across multiple states. The development also underscores ongoing private sector interest in scaling hybrid renewable capacity.