Wind-solar project awarded by GUVNL starts generation ahead of schedule, strengthening the company’s long-term revenue visibility

KPI Green Energy has commenced power generation and supply from its 92.15 MWp independent power producer hybrid project in Gujarat, marking an early start to operations well ahead of the scheduled completion timeline of July 2026.

The project was awarded by Gujarat Urja Vikas Nigam (GUVNL) through a competitive bidding process for hybrid renewable energy projects. GUVNL is the offtaker for the entire capacity under a long-term power purchase agreement.

The hybrid project comprises 16.95 MW of wind power capacity and 75.2 MWp of solar power capacity, aggregating to a contracted capacity of 92.15 MWp. The company said the project has achieved grid synchronisation and has begun injecting power into the state grid.

KPI Green Energy said the early commissioning reflects its execution strength and integrated project development capabilities. With the start of generation, the project is expected to contribute to the company’s revenues on a sustained basis in line with the terms of the power purchase agreement.

The long-term contracted nature of the project is expected to provide stable and predictable cash flows, while further strengthening KPI Green Energy’s renewable energy portfolio, particularly in the hybrid segment that combines wind and solar assets to improve generation reliability.