KPI Green Energy Share Price in Focus; Executes Battery Storage Agreement with GUVNL

KPI Green Energy Limited, through its subsidiary Sun Drops Energia Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of standalone battery energy storage projects in Gujarat. 

Details of the Battery Storage Agreement 

On March 7, 2026, KPI Green Energy announced the execution of a BESPA with GUVNL. This agreement involves the development of standalone battery energy storage system (BESS) projects with a total capacity of 445 MW/890 MWh. The projects will be located at multiple sites across Gujarat. 

The BESPA was secured through a tariff-based competitive bidding process conducted by GUVNL under Phase VII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). 

Significance of the Agreement 

This agreement marks a significant step for KPI Green Energy as it ventures into utility-scale IPP battery energy storage systems. The company will develop, own, and operate the BESS projects, providing long-term battery storage capacity to GUVNL. 

Read More: Indian Energy Exchange (IEX) Reports 30% Surge in February Power Volumes! 

Impact on Renewable Energy Sector 

The execution of the BESPA aligns with KPI Green Energy's strategy to strengthen its presence in the renewable energy sector. By investing in battery storage solutions, the company is contributing to the enhancement of energy reliability and efficiency in Gujarat. 

KPI Green Energy Share Price Performance  

As of March 06, 2026, at 3:30 PM, KPI Green Energy share price on NSE was closed at ₹350.05 down by 0.45% from the previous closing price. 

Conclusion 

KPI Green Energy's agreement with GUVNL for the development of 445 MW/890 MWh battery storage projects is a noteworthy development in the renewable energy landscape. This initiative underscores the company's commitment to advancing energy storage solutions in India. 

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