KPI Green Energy Limited, a prominent player in India's renewable energy sector, has announced a significant win, securing a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 150 MW grid-connected wind power project. 

This substantial allocation comes from GUVNL's "Wind Phase IX" tender, which initially sought bids for 250 MW of wind power capacity with a greenshoe option for an additional 250 MW.

The tender, floated by GUVNL on January 18, 2025, saw its results declared following a reverse e-auction held on April 22, 2025. KPI Green Energy emerged as a successful bidder, securing the largest share of the tendered capacity, further solidifying its position in the competitive renewable energy landscape.

GUVNL, a state-owned company in Gujarat, plays a crucial role in managing bulk electricity procurement and sales, and coordinating the operations of its subsidiary companies involved in power generation, transmission, and distribution.