Business Update19 May 2026, 09:47 am
KPI Green Energy: 120 MW Battery Energy Storage Deal with GUVNL
AI Summary
KPI Green Energy's subsidiary, Sun Drops Energia, has secured a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 120 MW / 240 MWh Standalone Battery Energy Storage System (BESS) project. This follows an earlier 445 MW / 890 MWh BESPA with GUVNL, bringing the group's cumulative BESS portfolio to 565 MW / 1,130 MWh. The project, supported by Viability Gap Funding (VGF), will be located near 220kV substations in Gujarat and operated on a long-term basis.
Key Highlights
- Sun Drops Energia to develop 120 MW / 240 MWh BESS project for GUVNL.
- Project located near 220kV Gariyadhar and Otha substations in Gujarat.
- BESPA supported by Viability Gap Funding (VGF).
- KPI Green Energy's total standalone BESS portfolio reaches 565 MW / 1,130 MWh.
- This deal strengthens KPI Green's presence in the utility-scale BESS segment.
Price Impact
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