KPI Green Energy Limited has informed the Exchange regarding 'Press Release titled "KPI Green Energy Limited energises 35 MWp to reach 589 MWp energised capacity out of 2.17 GWp IPP Portfolio'. The disclosure is attached herewith.'.
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KPI Green Energy has commissioned an additional 35 MWp of solar capacity, bringing its total operational Independent Power Producer (IPP) capacity to 589 MWp. The company is targeting a total IPP portfolio of 2.17 GWp, with 1,582 MWp still in the pipeline for near-term commissioning. Key project updates include the 200 MW Khavda Solar IPP commissioned in January 2026 with GUVNL, early grid synchronisation of a 50 MW hybrid project, and ongoing execution of a 620 MW hybrid project targeted for October 2026 completion. Its subsidiary Sun Drops Energia also signed a Battery Energy Storage Purchase Agreement (BESPA) with GUVNL for 445 MW / 890 MWh of standalone battery energy storage, marking KPI Green's entry into utility-scale energy storage. The portfolio is backed by long-term PPAs, many with 25-year tenures, providing a stable annuity-style revenue stream.
This is a positive operational update showing steady capacity addition and execution strength, with the 2.17 GWp pipeline providing strong revenue visibility. For shareholders, it signals the company's transition to an asset-backed IPP model with predictable long-term cash flows, though the stock may already reflect much of this growth narrative.