KPI Green Energy Secures GUVNL LOI for 445 MW Battery Storage Projects in Gujarat

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.

Details of the Battery Energy Storage Projects

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.

Strategic Firsts for KPI Green Energy

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.

Expansion into the BESS Segment

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.

Role of Standalone BESS in Grid Stability

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.

KPI Green Energy Share Price Performance

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!

Conclusion

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.

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