Bengaluru-based firm Ayana Renewable Power Four has awarded a commercial letter of intent (LoI) to KPI Green Energy for the development of a 145.20 MW wind-solar hybrid power project.

The company's captive power producer (CPP) business segment is strategically placed in Gujarat. The project includes 145.20 MW of wind and 50 MW of solar.

KPI Green Energy would develop the projects in terms of the definitive agreements, which are to be signed between these entities. Under the contract, the company will be responsible for providing various services, including engineering, procurement, construction, and commissioning (EPCC).

In addition, it includes tasks such as land acquisition, design, manufacturing, supply, erection, and testing for the balance of the plant, as well as facilitating power evacuation facilities and securing the mandatory approvals and permits for the project.

Securing this contract demonstrates the company's commitment to the renewable energy sector and also it is a significant step toward its target to achieve 1,000 MW by 2025.