KPI Green Energy secures LoI for 150 MW of wind power projects

This will support the company’s 10 GW capacity goal.

KPI Green Energy Limited has received the letter of intent for the development of 150 megawatts of wind power projects in India.

According to a regulatory filing, the company said the power purchase agreement for the project was signed with GUVNL. This will be executed upon obtaining the requisite approval from the Gujarat Electricity Regulatory Commission (GERC).

KPI Green Energy secured the LOI after its participation in the competitive bidding process initiated by GUVNL under “Procurement of power through competitive bidding process vide RfS No. GUVNL / 250 MW / Wind (Phase IX).”

The tender was for the development of 250 MW grid-connected wind power capacity, with a greenshoe option of additional capacity up to 250 MW.

“We are immensely proud to share that this order is closely aligned with our strategic vision and our ambitious target of achieving 10 gigawatts capacity by 2030,” the company said.