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KPI Green Energy Soars on ₹2,410 Crore Wind Energy Acquisition; Shares Gain Fourth Day
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CNBC TV18•30-09-2026, 11:12
KPI Green Energy Soars on ₹2,410 Crore Wind Energy Acquisition; Shares Gain Fourth Day
- •KPI Green Energy Ltd. will acquire 100% equity in Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for approximately –2,410 crore.
- •The acquisition adds 507.9 MW of operational wind capacity in Gujarat's Kutch wind corridor, marking KPI Green's first large-scale wind segment deal.
- •The acquired portfolio sells power to SECI under 25-year PPAs, with a combined 21 years of remaining contracted life.
- •This acquisition will boost KPI Green's installed IPP capacity from 1.16 GW to 1.67 GW, positioning it to exceed 2 GW by year-end.
- •The deal brings fully operational, revenue-generating assets without construction or commissioning risk, strengthening KPI Green's long-term developer portfolio.
Key Questions Answered
KPI Green Energy signed a binding offer to acquire 100% equity in Alfanar Energy Private Limited and Netra Wind Private Limited at an enterprise value of approximately ₹2,410 crore. This acquisition will add 507.9 megawatts of operational wind capacity in Gujarat to its platform.
KPI Green Energy expects the acquisition to close by February 28, 2027, subject to the execution of definitive transaction documents and customary regulatory, lender, and contractual approvals.
Upon completion of the transaction, KPI Green's installed independent power producer capacity will rise from 1.16 gigawatts to approximately 1.67 gigawatts, positioning the company to cross 2 GW of installed IPP capacity by the end of the year.
