India, May 19 -- KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited for the development of a standalone Battery Energy Storage System (BESS) project with a capacity of 120 MW / 240 MWh.
With this agreement, the group's total executed standalone BESS portfolio has increased to 565 MW / 1,130 MWh, following the previously signed 445 MW / 890 MWh BESPA with GUVNL.
The project has been awarded under GUVNL's tariff-based competitive bidding process under Phase-VIII and is supported through Viability Gap Funding (VGF) from the Power System Development Fund (PSDF).
Under the agreement, Sun Drops Energia will devel...