Big Win for KPI Green: The 890 MWh Battery Deal is Official

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

The agreement follows a Letter of Intent issued on January 3, 2026, for the development of standalone Battery Energy Storage System (BESS) projects with a total capacity of 445 MW / 890 MWh at multiple locations across Gujarat. The projects were awarded under GUVNL’s Phase-VII tariff-based competitive bidding process, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).

Under the BESPA, Sun Drops Energia will develop, own, and operate the BESS facilities as an Independent Power Producer (IPP), providing the contracted storage capacity to GUVNL on a long-term basis.

The initiative is expected to strengthen grid stability and enable greater integration of renewable energy into the state’s power network, supporting Gujarat’s transition toward a more sustainable and reliable energy system. 

News by Rahul Yelligetti.