KPI Green Energy Secures 76.6 MW Hybrid Power Project LOI

SURAT, INDIA — On September 1, 2026, renewable energy provider KPI Green Energy Limited announced the receipt of a formal Letter of Intent (LOI) for the development of a major 33.6/76.6 MW DC wind-solar hybrid power project. Disclosed through regulatory filings with the National Stock Exchange of India (NSE) and BSE Limited, the project will be established under a group captive arrangement for a reputed domestic private body corporate. This development underscores KPI Green Energy’s expanding capabilities in commercial and industrial (C&I) clean energy solutions as regional enterprises accelerate their transition toward sustainable power sources.

Project Scope and Technical Specifications

According to official regulatory disclosures under Regulation 30 of SEBI LODR Regulations, the newly awarded project features a robust configuration designed to optimize generation efficiency through complementary resource utilization. The installation comprises 33.6 MW of wind power capacity alongside 33.6 MW AC / 43 MW DC of solar power capacity, culminating in an aggregate capacity of 33.6/76.6 MW DC.

The project execution model entails the establishment of a dedicated Special Purpose Vehicle (SPV) tasked with the development, ownership, and long-term operation of the hybrid asset in Gujarat. KPI Green Energy will oversee project engineering, procurement, and construction (EPC), leveraging its integrated industry experience to deliver the infrastructure within a strict timeline of 14 months from Stage-2 connectivity, or latest by December 31, 2027. Following commissioning, the Energy Supply Agreement will remain active for a tenure of 25 years.

Strategic Growth and Market Expansion

The acquisition of this LOI reinforces KPI Green Energy’s ongoing strategy of scaling its independent power producer (IPP), group captive, and EPC portfolios. By combining wind and solar technologies into a unified hybrid framework, KPI Green Energy is positioned to offer higher generation profiles and more consistent power delivery to industrial consumers. The project not only expands the company's cumulative order book but also consolidates its footprint within high-demand C&I renewable segments across India.

The announcement aligns with broader macroeconomic shifts in India's energy sector, where corporate entities are increasingly turning to group captive models to secure cost-effective, green power while meeting internal environmental, social, and governance (ESG) mandates. KPI Green Energy’s ability to secure large-scale hybrid mandates highlights its competitive positioning against regulatory and grid integration standards.

Financial and Investor Implications

For investors and market stakeholders, the multi-megawatt hybrid contract provides long-term revenue visibility underpinned by a 25-year energy supply commitment. Regulatory filings confirm that neither promoters nor group companies hold any material interest in the awarding entity, and the transaction is structured at arm's length, ensuring strict corporate governance compliance. As KPI Green Energy scales its infrastructure deployment over the next 14 months, analysts anticipate sustained earnings momentum supported by expanding renewable capacity additions.

Official Sources Section

• KPI Green Energy Limited BSE/NSE Regulatory Disclosure (September 1, 2026)

• National Stock Exchange of India (NSE: KPIGREEN)

• BSE Limited (BSE: 542323)

• SEBI Master Circular on Listing Obligations and Disclosure Requirements

Quote Section

According to official company disclosures and regulatory filings submitted by KPI Green Energy Limited, organizers stated that the receipt of the Letter of Intent for the 33.6/76.6 MW DC wind-solar hybrid project significantly strengthens the company's presence in the commercial and industrial renewable sectors, expanding its integrated wind, solar, and hybrid capabilities under the group captive framework.

Why It Matters

The integration of wind and solar assets under a single group captive framework provides commercial and industrial consumers with enhanced power reliability and optimized tariffs. For KPI Green Energy, executing this 76.6 MW DC project validates its technical capacity to manage complex, multi-technology utility-scale installations, thereby setting a benchmark for future clean energy adoption among Indian enterprises.

Key Facts at a Glance

• Announcement Date: September 1, 2026

• Project Capacity: 33.6 MW Wind and 33.6 MW AC / 43 MW DC Solar (Total 33.6/76.6 MW DC)

• Execution Timeline: Within 14 months from Stage-2 connectivity or latest by December 31, 2027

• Agreement Tenure: 25 years from the Commencement Date of the Energy Supply Agreement

• Arrangement Type: Group Captive Arrangement via a Special Purpose Vehicle (SPV) in Gujarat

FAQ Section

What is the total capacity of the new hybrid project awarded to KPI Green Energy? The project comprises 33.6 MW of wind capacity and 33.6 MW AC / 43 MW DC of solar capacity, aggregating to 33.6/76.6 MW DC.

What is the execution timeline for the project? The project is scheduled for completion, construction, and commissioning within 14 months from Stage-2 connectivity, and in any case no later than December 31, 2027.

What business model governs this project? The project is developed under a group captive arrangement through a Special Purpose Vehicle (SPV) established for a domestic private body corporate in Gujarat.

How long is the energy supply agreement valid? The Energy Supply Agreement carries a long-term operational tenure of 25 years from its commencement date.

Source: BSE India, National Stock Exchange of India