KPI Green Energy Executes BESPA for 445 MW/890 MWh BESS Projects

KPI Green Energy Limited (BSE: 542323, NSE: KPIGREEN) announced that its subsidiary Sun Drops Energia Limited has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL).

This follows the Letter of Intent received January 3, 2026, for developing self-owned Independent Power Producer (IPP) standalone Battery Energy Storage System (BESS) projects totaling 445 MW/890 MWh capacity at multiple Gujarat locations. The projects emerged from GUVNL's tariff-based competitive bidding under Phase-VII, supported by Viability Gap Funding (VGF) via the Power System Development Fund (PSDF).

Sun Drops Energia will develop, own, operate the BESS facilities, and provide contracted capacity to GUVNL long-term, advancing grid stability and renewable integration.

Source : Equity Bulls

Keywords

KPIGreenEnergy SunDropsEnergia BESPA GUVNL