KPI Green Energy has commenced power generation and supply from its 92.15 MWp Independent Power Producer (IPP) hybrid renewable energy project awarded by Gujarat Urja Vikas Nigam (GUVNL), well ahead of the scheduled completion timeline of July 2026.

The project was awarded under GUVNL’s competitive bidding process for hybrid renewable energy projects, with GUVNL acting as the sole offtaker. The total contracted capacity of 92.15 MWp comprises 16.95 MW of wind power capacity and 75.2 MWp of solar power capacity. The project has successfully achieved grid synchronisation, and power injection into the state grid has already begun, highlighting the company’s execution strength and integrated project development capabilities.

With the commencement of power supply, the project is expected to start contributing to KPI Green Energy’s revenues on a sustained basis, in line with the long-term Power Purchase Agreement (PPA) executed with GUVNL. The long-term contracted nature of the project is expected to ensure stable and predictable cash flows, further strengthening the company’s renewable energy portfolio.

Commenting on the development, Dr Faruk G. Patel, Chairman & Managing Director, KPI Green Energy, said, “The early start of power supply from this hybrid IPP project for GUVNL demonstrates our team’s strong execution capabilities and our continued focus on timely delivery of large-scale renewable energy projects. Hybrid solutions play an important role in enhancing generation reliability, and this milestone reinforces our position as a trusted renewable energy partner for state utilities.”

The project underscores KPI Green Energy’s focus on expanding its presence across wind, solar and hybrid power segments. By combining complementary renewable energy sources, the hybrid project also supports improved grid stability and efficient utilisation of infrastructure. The development aligns with the company’s broader strategy of building a diversified and resilient renewable energy portfolio while creating long-term value for stakeholders.