KPI Green Energy Limited has reached a major strategic milestone after receiving a Letter of Intent from Gujarat Urja Vikas Nigam Limited for developing standalone Battery Energy Storage System projects.
The projects will have an aggregate capacity of 445 MW / 890 MWh and will be established at multiple locations across Gujarat, strengthening the state’s power infrastructure.
The Letter of Intent has been awarded under Phase VII of the tariff-based competitive bidding process for standalone BESS projects.
These projects are supported by Viability Gap Funding through the Power System Development Fund. The capacity and scale of the award position KPI Green Energy among the key participants in India’s evolving energy storage ecosystem.
This development represents two important firsts for the company. It is KPI Green Energy’s first utility-scale independent power producer project in the battery storage segment and also its first BESS project awarded by a major government entity. These milestones signal a broadening of the company’s operational capabilities beyond its established renewable portfolio.
By entering the standalone battery energy storage space, KPI Green Energy is adding a new strategic asset class to its existing solar, wind, and hybrid power projects. This diversification enhances the company’s ability to participate in next-generation clean energy solutions that support grid stability and renewable integration.
Standalone BESS projects are grid-connected storage systems that function independently of specific renewable plants. Utilities use them to store electricity during periods of low demand and release power during peak hours.
Projects of this scale are increasingly viewed as essential infrastructure for managing peak loads, improving grid reliability, and supporting the growing share of renewable energy in the power mix.
On January 5, 2026, KPI Green Energy share price (NSE: KPIGREEN) opened at ₹486.10, up from its previous close of ₹485.15. At 11:43 AM, the share price of KPI Green Energy was trading at ₹494.90, up by 2.01% on the NSE.
Also Read: KPI Green Energy Receives Charging Approval for 32.40 MW of Solar and Hybrid Power Projects!
The GUVNL award underscores KPI Green Energy’s growing expertise in policy-backed, large-scale clean energy projects. By entering utility-scale battery storage, the company is positioning itself to play a critical role in India’s transition towards a more resilient, flexible, and sustainable power system.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 5, 2026, 11:50 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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