KPI Green Energy to Acquire 507.9 MW Wind Capacity for ₹2,410 Cr

KPI Green Energy Limited has entered into a binding offer to acquire 100% equity of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore. This acquisition will add 507.9 MW of operational wind capacity in Gujarat's Kutch wind corridor. The acquired assets have long-term Power Purchase Agreements (PPAs) with Solar Energy Corporation of India (SECI), with approximately 21 years of remaining contracted life. Upon completion, KPI Green's installed Independent Power Producer (IPP) capacity will increase from 1.16 GW to approximately 1.67 GW. The transaction is expected to close by February 28, 2027, subject to customary approvals. This marks KPI Green's first large-scale acquisition and its entry into the wind energy sector.