News Stocks KP Energy Limited Signs ₹4,000 Crore MoU with Gujarat Government for 855 MW Renewable Energy ProjectsKP Energy Limited Signs ₹4,000 Crore MoU with Gujarat Government for 855 MW Renewable Energy Projects
KP Energy Limited has signed a ₹4,000 crore MoU with Gujarat Government on January 12, 2026, for developing 855 MW renewable energy projects across Devbhumi Dwarka and Kutch. The portfolio includes 200 MW DC solar under DREBP scheme, 405 MW solar project, and two ISTS-connected wind-solar hybrid projects of 100 MW and 150 MW respectively. The initiative is expected to create over 4,000 jobs and will be implemented in phases subject to statutory approvals.
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KP Energy Limited has signed a significant Memorandum of Understanding with the Government of Gujarat for the development of renewable energy projects worth ₹4,000 crore. 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
The agreement encompasses renewable energy projects with an aggregate capacity of approximately 855 MW, strategically distributed across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch (Bhuj). The portfolio comprises both solar power projects and ISTS-connected wind-solar hybrid power projects.
| Project Type | Capacity | Details |
|---|---|---|
| Solar Power Project (DREBP & Captive) | 200 MW (DC) | Under DREBP scheme and captive user segment |
| Solar Power Project | 405 MW | Standalone solar installation |
| Wind-Solar Hybrid Project (CTU) | 100 MW | ISTS-connected hybrid system |
| Wind-Solar Hybrid Project (CTU) | 150 MW | ISTS-connected hybrid system |
| Total Capacity | 855 MW | Aggregate project portfolio |
Investment and Employment Impact
The comprehensive project portfolio represents a total proposed investment of approximately ₹4,000 crore. The initiative is expected to generate significant employment opportunities, with an estimated creation of over 4,000 jobs across various phases of project development and implementation.
| Parameter | Details |
|---|---|
| Total Investment | ₹4,000 crore |
| Employment Generation | Over 4,000 jobs |
| Implementation Approach | Phased manner |
| Approval Requirement | Statutory approvals and clearances |
Government Support and Facilitation
Under the terms of the MoU, the Government of Gujarat has committed to facilitate KP Group in obtaining necessary permissions, registrations, approvals, and clearances from relevant State authorities. This support will be provided in accordance with applicable policies, rules, and regulations, streamlining the project development process.
Strategic Significance
This MoU underscores KP Group's commitment to strengthening Gujarat's renewable energy ecosystem and contributing to the State's clean energy and sustainable development objectives. The projects will be implemented in a phased manner, subject to receipt of applicable statutory approvals and clearances.
About KP Group
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 three decades, the group has championed sustainability through transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS), and green hydrogen, contributing significantly to India's green energy mission.
Historical Stock Returns for KP Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.25% | -3.91% | -4.55% | -29.86% | -25.69% | -43.14% |
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