KPI Green Energy Share Price Surges Over 4% – Here’s Why

The share price of KPI Green Energy Limited witnessed a surge of over 4% after the company announced that it had received financial assistance for part-funding a major renewable energy project. The company secured a sanction letter from the National Bank for Financing Infrastructure and Development (NaBFID) for ₹272 crore. This funding will be used to develop a 50MW hybrid power project in Bharuch, Gujarat.

Key Details of the Hybrid Power Project

• Project Capacity: 50MW hybrid power, comprising 75.2MWp solar capacity and 16.95MW wind capacity.
• Location: Bharuch District, Gujarat.
• Power Purchase Agreement (PPA): The project will operate under a 25-year PPA with Gujarat Urja Vikas Nigam Limited (GUVNL).
• Objective: To contribute to the company’s renewable energy expansion plans, supporting its vision of achieving 10GW capacity by 2030.

The sanctioned financial assistance is expected to facilitate the timely completion of the project, reinforcing KPI Green Energy’s position in the clean energy sector.

Strategic Importance of the Project

The project aligns with India’s ambitious renewable energy goals and strengthens KPI Green Energy’s commitment to sustainability. The hybrid nature of the project, combining both solar and wind energy, enhances reliability and efficiency, ensuring a steady supply of renewable power.

Additionally, the long-term PPA with GUVNL provides revenue visibility and stability for the company, making this a significant development in its growth trajectory.

Share Price Performance

Following the announcement, KPI Green Energy’s share price surged over 4% and is trading at ₹400.40 at 2:02 PM on March 19, 2025, reflecting investor optimism regarding the company’s expansion plans and financial backing. The funding from NaBFID, a key player in infrastructure financing, underscores confidence in KPI Green Energy’s ability to execute large-scale renewable projects.

It will reinforce and expedite the company’s progress in scaling up its green energy portfolio, especially as it targets a massive 10GW renewable energy capacity by 2030.

Conclusion

KPI Green Energy’s latest funding milestone marks a significant step in its growth strategy, reinforcing its role in India’s renewable energy sector. The financial backing from NaBFID ensures that the 50MW hybrid project moves forward as planned, contributing to India’s clean energy transition.

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