LOI received for 76.6 MW wind-solar hybrid project in Gujarat
KPIGREEN · price
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KPI Green Energy received a Letter of Intent for a Wind-Solar Hybrid Power Project totaling 76.6 MW DC capacity (33.6 MW wind plus 33.6 MW AC or 43 MW DC solar) in Gujarat under a Group Captive arrangement with a private domestic corporate client. The company will set up an SPV for development, ownership and operation. Construction must finish within 14 months of Stage-2 connectivity, by 31 December 2027. The energy supply agreement runs for 25 years. The order adds to its order book and strengthens its C&I and Group Captive renewable energy presence.
Adds a sizable hybrid project to the order book, boosting long-term revenue visibility over 25 years. Likely positive for the stock.