KPI Green Energy is ready to set up green hybrid capacities adding up to 16.10 MW at Bhavnagar, Gujarat. This initiative comes under the Gujarat hybrid power policy 2018.

In a regulatory filing, the company reported that the said hybrid power project would comprise wind and solar capacity to be developed at its Bhungar site in Mahuva at Bhavnagar, Gujarat.
The company also said that the required financial closure to the extent of Rs 132 crore has already been achieved by the State Bank of India. The firm is also believed to have arranged long-term PPAs in advance with various corporate parties for the sale of power generated out of the hybrid power project upon commissioning.

According to the reports, the project is scheduled to be commissioned in March 2023. As per industry estimates, for setting up every 1 MW of solar capacity, an investment of Rs 4.5 crore is required.

Founded in 2008, KPI Green Energy is a leading solar energy company in Surat. It is part of KP Group.