KPI Green Energy Arm Signs BESPA with GUVNL for 240 MWh Standalone BESS Project in Gujarat
Sun Drops Energia, a subsidiary of KPI Green Energy, has signed a BESPA with GUVNL for a 120 MW/240 MWh standalone battery energy storage project in Gujarat, taking KP Group’s cumulative standalone BESS portfolio to 565 MW/1,130 MWh.
May 25, 2026. By Mrinmoy Dey
This BESPA has been executed subsequent to the earlier executed 445 MW/890 MWh BESPA with GUVNL, thereby taking the Group's cumulative executed standalone BESS portfolio to 565 MW / 1,130 MWh, the company stated in a regulatory filing.
The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). In the auction held in February 2026, Sun Drops Energia bagged 120 MW out of the quoted 325 MW at a tariff of INR 2.12 lakh/MW/month, under the bucket-filling method.
Under the terms of the BESPA, Sun Drops Energia will develop, own and operate the Standalone BESS Project at locations in the vicinity of 220kV Gariyadhar AIS Substation (65 MW/130 MWh) and 220kV Otha AIS Substation (55 MW/110 MWh) in Gujarat and make the contracted battery energy storage capacity available to GUVNL on a long-term basis.
“The execution of the present BESPA marks another significant milestone for the Group and further strengthens its presence in the utility-scale Battery Energy Storage System (BESS) segment, while continuing to expand its footprint across emerging renewable energy infrastructure opportunities,” stated the company.
As per the terms of the tender, the BESSD shall make the BESS available for 2 operational cycles per day, i.e. 2 complete charge-discharge cycles per day. The BESSD must guarantee a minimum system availability of 95 percent on an annual basis.
The bidder must ensure that the BESS can charge and discharge with a C-rate of 0.5. Additionally, the BESS must be capable of being charged or discharged in groups ranging from 50 MW/100 MWh to 100 MW/200 MWh, up to the total rated capacity specified in the agreement.
The applicable software for the Energy Management System (EMS) of the BESS project capacity must be developed indigenously within India.
BESSD must ensure a minimum local content of 20 percent of the total project cost in BESS procurements under the VGF Scheme. This minimum local content requirement shall include the indigenously developed EMS application software.
please contact: contact@energetica-india.net.
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