Solar Surge: KPI Green Energy Secures ₹3,200 Crore SBI Loan

KPI Green Energy has secured a ₹3,200 crore, 20-year loan from the State Bank of India (SBI) to support its renewable energy expansion plans, according to a Reuters report.

Disbursed in phases over the next 18 months at an interest rate of 8.45%, the funding will fuel the company’s growth as an Independent Power Producer (IPP), with a focus on solar, wind, and hybrid energy projects.

Chairman and Managing Director Dr. Faruk G Patel stated that all ongoing IPP projects are on track for completion by 2027, with expected revenues of around ₹1,000 crore. The loan marks one of the sector's larger recent financings and aligns with India’s broader goal of achieving 500 GW of non-fossil fuel capacity by 2030.

This strategic financing underscores KPI Green Energy’s role in advancing India’s clean energy transition and reinforces the growing confidence of major financial institutions in the sector.

News by Rahul Yelligetti.