KPI Green Secures ₹3,200 Crore SBI Financing for Major Renewable Projects in Gujarat

Project Financing and Scope

KPI Green Energy Limited has secured financing approval of ₹3,200 crore from the State Bank of India (SBI) to develop two large-scale renewable energy projects in Gujarat:

• A 250 MW solar power plant, and

• A 370 MW hybrid project, comprising 557 MWp of solar capacity and 124.2 MW of wind capacity.

Both projects will operate under 25-year long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) and are being developed across Bharuch and Surendranagar districts.

The financing has been structured with a 75:25 debt-equity ratio, covering project costs, repayment of earlier obligations, and associated development expenditure.

Strategic Importance and Growth Plans

Once commissioned, these projects will significantly scale up KPI Green’s operational capacity, advancing the KP Group’s target of 10 GW renewable energy by 2030.

The support from India’s largest public sector bank underscores confidence in KPI Green’s technical expertise, financial strength, and execution capabilities. This financing will enable the company to pursue sustainable growth at scale while ensuring strong revenue visibility.

Environmental and Economic Benefits

The two projects are expected to offset over 1.5 million tonnes of CO₂ emissions annually, equivalent to planting more than 65 million trees. Revenue streams will be secured through long-term subsidies under the PPAs, enhancing recurring profitability and delivering sustainable value to shareholders.

Outlook

The expansion not only strengthens KPI Green’s position as an innovative renewable energy leader but also contributes meaningfully to India’s clean energy transition goals. With this financing, KPI Green is well positioned to deliver on its ambitious growth roadmap while supporting national commitments to decarbonization.