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KPI Green Energy Brings First 24.2 MW of 250 MW GUVNL Solar IPP Project Online Ahead of Schedule

KPI Green Energy has announced the commissioning of the initial 24.2 MW AC (34.4 MW DC) capacity of its 250 MW AC / 350 MW DC grid-connected solar independent power producer (IPP) project awarded by Gujarat Urja Vikas Nigam Ltd. (GUVNL), as disclosed in a filing with the Bombay Stock Exchange (BSE).

The project was secured through a competitive bidding process under Request for Selection (RFS) No. GUVNL / 500 MW / Solar (Phase-XXIV) issued on March 15, 2024. It forms part of GUVNL’s broader 500 MW tender aimed at procuring electricity from grid-connected solar photovoltaic projects across the country.

According to the filing, the first phase of 24.2 MW AC capacity has been commissioned ahead of the overall contractual timeline. The complete 250 MW AC (350 MW DC) project is scheduled for full completion by October 2026.

KPI Green Energy stated that the project is advancing in line with planned execution milestones and performance targets. The remaining capacity will be rolled out in phases, with a continued focus on efficiency, quality, and adherence to execution standards.

The company remains actively involved in the development and execution of renewable energy projects and continues to scale up its solar IPP portfolio as part of its long-term growth strategy.