India-based solar power developer and operator KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for renewable energy projects with a total capacity of 620 MW (AC) [917 MW (DC)]. The company won a 250 MW (AC) [275 MW (DC)] and a 370 MW (AC) [642 MW (DC)] grid-connected solar photovoltaic power project for power procurement, with the option to expand capacity by an additional 500 MW. In addition to this, KPI Green will be targeting 10 GW of capacity by 2030.
KPI Green signs 620 MW solar PPAs with GUVNL
With net profit up by 98.76% in Q1 FY25, KPI Green Energy continues to expand its solar capacity. (Image Credit/Source: TomFisk/Pexels)
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