KP Group has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for the development of 855 MW of renewable energy projects, involving an investment of approximately ₹4,000 crore. The agreement was signed on January 12, 2026, during the Vibrant Gujarat Regional Conference – Investment Promotion Activity held at Marwadi University, Rajkot.
Founded in 1994 by Dr. Faruk G. Patel, KP Group is a Gujarat-based energy conglomerate headquartered in Surat. Over the years, the group has evolved into a major renewable energy developer with an integrated presence across project development, EPC, and operations in solar, wind, and hybrid power.
KP Group’s current renewable portfolio exceeds 5.9 GW, with a stated target of over 10 GW by 2030.
Project Scope and Locations
Under the MoU, KP Group proposes to develop a mix of solar and ISTS-connected wind–solar hybrid projects across key renewable energy zones in Gujarat, including Devbhumi Dwarka and Kutch (Bhuj). The projects are expected to be implemented in a phased manner, subject to receipt of statutory approvals and regulatory clearances.
Capacity Breakdown
The proposed renewable energy portfolio under the MoU includes :-
- 200 MW (DC) solar power project under the Distributed Renewable Energy Based Power (DREBP) scheme and captive user segment
- 405 MW standalone solar power project
- 150 + 100 MW ISTS-connected wind–solar hybrid project (CTU)
The inclusion of wind–solar hybrid projects is aimed at improving capacity utilization and enabling more stable power generation for grid integration.
Investment and Employment Impact
The total proposed investment for the projects is estimated at ₹4,000 crore. According to the company, the developments are expected to generate more than 4,000+ direct and indirect employment opportunities, contributing to regional economic growth and skill development in Gujarat.
As per the MoU, the Government of Gujarat will facilitate KP Group in securing necessary permissions, registrations, approvals, and clearances from relevant state authorities, in accordance with applicable policies and regulations.
The MoU comes as India accelerates efforts to meet its target of 500 GW of non-fossil fuel-based power capacity by 2030. Gujarat continues to attract large-scale renewable energy investments due to its favorable policy environment, strong transmission infrastructure, and abundant solar and wind resources.
India continues to witness strong momentum in renewable energy investments, driven by supportive state policies and growing private sector participation.
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