KPI Green Energy has entered into a substantial ₹4,000-crore agreement with the Gujarat government for developing renewable energy projects across the state. The pact was signed on January 12, 2026, during the Vibrant Gujarat Regional Conference, representing a significant milestone in the company's clean energy expansion strategy.

Project Details and Implementation

The agreement encompasses the development of renewable energy capacity across multiple locations in Gujarat. The projects will be executed in a phased manner, ensuring systematic implementation and optimal resource utilization.

The implementation is subject to receipt of necessary statutory approvals and clearances, with the state government committed to facilitating required permissions in accordance with applicable policies and regulations.

Strategic Significance

This pact reinforces KPI Green Energy's commitment to scaling up its renewable energy portfolio and strengthening its presence in Gujarat's clean energy ecosystem. The projects align with broader sustainable development goals and support the transition towards renewable energy sources in the state.

Recent Corporate Developments

The Gujarat agreement follows several significant corporate milestones for the company:

International Expansion

In December 2025, KPI Green Energy signed a $4-billion memorandum of understanding with the government of Botswana for renewable energy projects. This collaboration involves a capital investment of approximately ₹36,000 crore and is expected to increase Botswana's renewable energy capacity to nearly 5GW.

Related Group Activity

On the same day as the Gujarat pact signing, KP Green Engineering secured ₹819-crore orders from BSNL under the 4G Saturation Project, covering Maharashtra, Goa, Jammu & Kashmir, Ladakh, Uttarakhand and Himachal Pradesh.

Market Performance

Shares of KPI Green Energy Limited closed lower on the NSE on January 12, 2026. The stock ended at ₹445.45, down ₹1.55 or 0.35% from the previous trading session.

The Gujarat renewable energy agreement represents a significant step in KPI Green Energy's growth trajectory, positioning the company for expanded operations in one of India's leading renewable energy markets.

KPI Green Energy Limited has signed a significant Memorandum of Understanding with the Government of Gujarat for developing renewable energy projects worth ₹4,000.00 crores. The MoU was executed on January 12, 2026, at Marwadi University, Rajkot, as part of the Vibrant Gujarat Regional Conference – Investment Promotion Activity.

Project Portfolio and Capacity

Under the agreement, KPI Green Energy proposes to establish renewable energy projects with an aggregate capacity of approximately 855 MW. The portfolio comprises solar power projects and ISTS-connected wind-solar hybrid power projects across multiple locations in Gujarat, including Devbhumi Dwarika and Kutch (Bhuj).

Investment and Employment Impact

The renewable energy initiative represents a substantial investment commitment for Gujarat's clean energy sector. The total proposed investment for these projects amounts to approximately ₹4,000.00 crores, positioning it as a significant contributor to the state's renewable energy infrastructure.

Government Support and Implementation Framework

As per the MoU terms, the Government of Gujarat shall facilitate KPI Green Energy in obtaining necessary permissions, registrations, approvals and clearances from the relevant State authorities. This support will be provided in accordance with applicable policies, rules and regulations. The proposed projects are expected to be implemented in a phased manner, subject to receipt of applicable statutory approvals and clearances.

Strategic Significance

This MoU underscores KPI Green Energy's commitment to strengthening Gujarat's renewable energy ecosystem and contributing to the state's clean energy and sustainable development objectives. The agreement aligns with India's broader green energy mission and represents a significant step toward expanding renewable energy capacity in one of the country's leading industrial states.

Established in 1994 by Dr. Faruk G. Patel, KP Group has evolved into a multi-faceted conglomerate with core expertise in renewable energy, infrastructure, and innovation. Over the past three decades, the group has championed sustainability by spearheading transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS) and green hydrogen, contributing meaningfully to India's energy transition.