Rajkot, January 12, 2026: K.P. Energy Limited (BSE: 539686 | NSE: KPEL) announced that its parent KP Group has signed a Memorandum of Understanding with the Government of Gujarat to develop large-scale renewable energy projects involving an investment of approximately ₹4,000 crore.
The MoU was signed on January 12, 2026, at Marwadi University, Rajkot, during the Vibrant Gujarat Regional Conference investment promotion programme. The agreement outlines KP Group’s plans to set up renewable energy projects with an aggregate capacity of around 855 MW across multiple locations in Gujarat .
Project Scope and Capacity Details
Under the proposed plan, KP Group intends to develop a mix of solar and wind-solar hybrid projects, including inter-state transmission system connected capacities. The projects are expected to be spread across regions such as Devbhumi Dwarka and Kutch (Bhuj).Proposed Renewable Energy Projects
| Project Type | Capacity |
|---|---|
| Solar Power Project under DREBP and captive segment | 200 MW (DC) |
| Solar Power Project | 405 MW |
| ISTS-connected Wind–Solar Hybrid Project | 100 MW |
| ISTS-connected Wind–Solar Hybrid Project | 150 MW |
| Total Proposed Capacity | 855 MW |
Investment and Employment Impact
The total estimated investment for the proposed renewable energy portfolio stands at ₹4,000 crore. The projects are also expected to generate employment for over 4,000 people, supporting regional economic development alongside clean energy expansion. Implementation is planned in a phased manner, subject to necessary approvals and clearances .Strategic Significance
The MoU reinforces KP Group’s focus on expanding its renewable energy footprint in Gujarat and strengthening the state’s clean energy ecosystem. The initiative aligns with long-term sustainability goals by increasing renewable capacity through solar and hybrid energy solutions while supporting industrial growth in key districts.About KP Group and K.P. Energy Limited
Founded in 1994 by Dr. Faruk G. Patel, KP Group has evolved into a diversified conglomerate with core operations in renewable energy and infrastructure. The group has developed capabilities across wind, solar, hybrid energy solutions, battery energy storage systems, and green hydrogen projects.K.P. Energy Limited, a listed entity on both BSE and NSE, operates as part of the KP Group’s renewable energy platform and continues to expand its project execution and development capabilities in India’s clean energy sector .
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