The company will execute the project with a scope of supply, supervision, and commissioning. Additionally, the firm will also undertake post-commissioning operation and maintenance services.

The said project will be the part of wind-solar hybrid and STU's (State Transmission Utility) tariff-based project for increasing Renewable Energy contribution in the state of Gujarat.

A project of this size can provide electricity to approximately 1.25 lakh households and curb around 4.96 lakh tonnes of CO2 emissions per year.

Girish Tanti, vice chairman, Suzlon Group said, " It is heartening to see the private sector step up to the task with such enthusiasm, especially through the C&I segment that will help MSME to become globally competitive by switching to green power."

JP Chalasani, chief executive officer, Suzlon Group said, “The KP Group has been a long-standing player in renewable energy and has consistently worked towards increasing renewable energy installations in the country. Suzlon takes pride in the fact that committed customers like The KP Group continue to select our leading technology and comprehensive capabilities throughout the entire wind energy value chain.

The power generated from this project will inter-alia serve the Commercial & Industrial (C&I) consumer segment and the people of Gujarat with clean, green, renewable power. Suzlon is committed to partner with increasing number of Indian industries, driving them toward their net-zero targets while powering the nation with sustainable energy.”

The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.

KPI Green Energy is the solar and hybrid vertical of KP Group. It is a prominent Gujarat based solar and hybrid power generating company.

Shares of Suzlon Energy rallied 3.48% to Rs 36.80 while shares of KPI Green Energy rose 1.85% to Rs 1,299.60 on the BSE.