KPI Green Energy has announced securing major orders for goods and onsite services for solar power projects totaling 534 MW capacity. The projects are located in Khavda, Gujarat, and represent a significant business win for the renewable energy company.

Project Details

The orders have been awarded by two entities within the Adani Green Energy group - Adani Green Energy Ltd and Adani Green Energy Six Ltd. The projects will be developed in Khavda, Gujarat, which has emerged as a major renewable energy hub in India.

Strategic Significance

This order win strengthens KPI Green Energy's position in the renewable energy sector and showcases its capabilities in handling large-scale solar power projects. The company's ability to secure orders from established players like Adani Green Energy demonstrates its technical expertise and reliability in project execution.

The Khavda region in Gujarat has been identified as a key location for renewable energy development, making this project strategically important for KPI Green Energy's growth in the solar power segment. The partnership with Adani Green Energy entities further validates the company's reputation as a dependable partner in the renewable energy ecosystem.

Market Position

The successful order acquisition reinforces KPI Green Energy's standing in India's rapidly expanding renewable energy market. The company's involvement in such large-scale projects positions it well to capitalize on the growing demand for solar power infrastructure across the country.

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.