KPI Green Energy Subsidiary Bags LoAs for 13.80 MW Captive Solar Power Projects
KPI Green Energy's subsidiary, Sun Drops Energia, has secured LoAs for developing 13.80 MW of solar projects under its Captive Power Producer segment in Gujarat.
March 26, 2025. By Mrinmoy Dey
These projects will be developed in accordance with the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, as outlined in the Gujarat Renewable Energy Policy-2023 and GERC Tariff Order No. 5 & 6 of 2024, the company shared in a regulatory filing.
The projects are tentatively scheduled to be completed in the financial year 2025-26, in various tranches.
At present, the company has 2,591 MW of cumulative power evacuation capacity and about 3.40 GW of solar and hybrid portfolio.
In February 2025, KP Group, the parent company of KPI Green Energy, signed an MoU with the Madhya Pradesh government to develop 1.8 GW of renewable energy projects, including solar, wind, hybrid, BESS, and biomass.
In January 2025, KPI Green Energy signed a contract worth INR 1,311.40 crore with Coal India to develop a 300 MWAC grid-connected ground-mounted solar PV plant at GIPCL’s Solar Park in Khavda, Gujarat.
Earlier that month, the company announced that it is targeting an early completion of its 200 MW (240 MW DC) CTU-connected Independent Power Producer (IPP) solar project in Khavda, Gujarat. With the completion of the Khavda project, KPI’s operational IPP portfolio will reach from 171 MWp to 411 MWp.
In January 2025, the company also signed a memorandum of understanding (MoU) with the Government of Odisha for the establishment of Renewable Energy Parks in the district of Ganjam, Odisha.
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