StockWatch
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Power Generation
Deals3 Nov 2026, 12:03 pm

KPI Green Energy Signs 300 MW Wind PPA with SJVN

AI Summary

KPI Green Energy Limited has executed a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project. This project, secured through competitive bidding, will operate under a long-term PPA at a fixed tariff of ₹3.64 per unit for 25 years, with power supply commencing within 24 months. This agreement is a significant step in the company's wind energy expansion, strengthening its utility-scale wind portfolio and supporting its goal of building 10 GW of owned IPP capacity by FY32.

Key Highlights

  • Secured 300 MW Wind Power Project PPA with SJVN Limited.
  • Long-term PPA at a fixed tariff of ₹3.64 per unit for 25 years.
  • Power supply to commence within 24 months from PPA effective date.
  • Strengthens utility-scale wind portfolio and supports Group's KP 3.0 roadmap.
  • Aims to build 10 GW of owned IPP capacity by FY32.