KP Group Signs MoU with Gujarat Government for ₹4,000 Crore Renewable Energy Push

KP Group has entered into a Memorandum of Understanding with the Government of Gujarat for the development of large-scale renewable energy projects in the state, with a proposed investment of around ₹4,000 crore. 

The MoU was signed on January 12, 2026, at Marwadi University in Rajkot during the Vibrant Gujarat Regional Conference under the Investment Promotion Activity.

Project Scope and Capacity Details

Under the agreement, KP Group plans to set up renewable energy projects with an aggregate capacity of approximately 855 MW across multiple locations in Gujarat. These include regions such as Devbhumi Dwarka and Kutch (Bhuj), which are emerging as key hubs for renewable energy development. 

The proposed portfolio includes a mix of solar power projects and ISTS-connected wind–solar hybrid power projects, aligned with national clean energy goals.

Break-up of Proposed Renewable Projects

The projects outlined under the MoU include a 200 MW (DC) solar power project under the Distributed Renewable Energy Bilateral Procurement (DREBP) scheme and captive user segment. 

In addition, KP Group plans to develop a 405 MW solar power project, along with two ISTS-connected wind–solar hybrid projects of 100 MW and 150 MW capacity, respectively. These hybrid projects will be connected through the central transmission utility network, enabling wider power evacuation and grid integration.

Investment, Employment, and Implementation Timeline

The total proposed investment for these renewable energy projects is estimated at ~₹4,000 crore. The initiatives are expected to generate employment for more than 4,000 people, contributing to local economic development. The projects will be implemented in a phased manner, subject to the receipt of all necessary statutory approvals, permissions, and regulatory clearances.

Government Support and Facilitation

As per the MoU, the Government of Gujarat will facilitate KP Group in obtaining the required approvals, registrations, and clearances from relevant state authorities. This support will be provided in line with applicable state policies, rules, and regulations, ensuring smoother execution of the proposed projects.

KPI Green Energy Share Price Performance

On January 13, 2026, KPI Green Energy share price (NSE: KPIGREEN) opened at ₹466.60, touching the day’s high at ₹469.35, as of 10:28 AM on the NSE.

Also Read: KPI Green Energy Share Price in Focus After Approving ₹475 Crore Preferential Equity Warrants Issue!

Conclusion

The signing of this MoU highlights KP Group’s commitment to strengthening Gujarat’s renewable energy ecosystem. By investing in solar and wind–solar hybrid projects, the company aims to contribute meaningfully to the state’s clean energy transition and long-term sustainable development objectives.

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