Solar Stock in Focus: Power Company Commissions 92.15 MW Hybrid Power Project Ahead of Schedule
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The stock gave multibagger returns of 320 per cent in just 3 years and a whopping 6,700 per cent in 5 years.
KPI Green Energy Limited has commenced power supply from its 92.15 MWp Independent Power Producer (IPP) hybrid power project awarded by Gujarat Urja Vikas Nigam Limited (GUVNL through a competitive bidding process. The project has started supplying electricity to the Gujarat state grid much earlier than its scheduled commissioning date of July 2026.
The hybrid project comprises 16.95 MW of wind capacity and 75.2 MWp of solar capacity, designed to enhance generation stability by combining complementary renewable sources. Early grid synchronisation and power injection highlight KPI Green Energy’s strong execution capabilities and vertically integrated development model.
With the start of power generation, the company is set to begin earning revenue under a long-term Power Purchase Agreement (PPA) with GUVNL. This is expected to provide stable and predictable cash flows over the contract period, strengthening the company’s revenue visibility.
Commenting on the milestone, Dr. Faruk G. Patel, Chairman and Managing Director of KPI Green Energy, said that hybrid power solutions play a critical role in improving reliability of renewable generation. He added that the early commissioning reinforces the company’s credibility as a reliable partner for state utilities.
The project aligns with KPI Green Energy’s broader strategy to scale its presence across solar, wind and hybrid power segments, while contributing to India’s renewable energy and decarbonisation goals.
About the Company
KPI Green Energy Ltd, established in 2008 as part of the KP Group, is a renewable energy leader specialising in Solar power generation. They operate under the "Solarism" brand, offering a comprehensive solution for both Independent Power Producers (IPPs) and Captive Power Producers (CPPs). Their services include developing, building, owning, managing and maintaining solar power plants across Gujarat, with a current installed capacity exceeding 445 MW. They cater to IPPs by directly generating and selling solar electricity, while also providing Engineering, Procurement and Construction (EPC) services to CPP clients who wish to set up their solar power facilities.
The company's shares have an ROE of 20 per cent and an ROCE of 18 per cent. The company has a market cap of over Rs 8,000 crore with a strong Order Book of 3.08+ GW. The stock gave multibagger returns of 320 per cent in just 3 years and a whopping 6,700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.