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Financing the Future of Renewable Energy.

KPI Green Energy secures a ₹3,200 crore loan from SBI and issues its first green bond for expansion. 

The company will raise ₹3,200 crore ($363 million) through a 20-year loan from the State Bank of India at an interest rate of 8.45%, as confirmed by executives. Disbursement will occur over the next 18 months to support the expansion of its solar, wind, and hybrid power projects. This move aligns with India’s goal of reaching 500 GW of non-fossil capacity by 2030 and is among the sector’s largest financing deals in recent years. Chairman and MD Faruk G Patel stated that the company’s Independent Power Producer (IPP) projects are expected to generate ₹10 billion in revenue by 2027. Alongside the loan, KPI issued its first green bond worth ₹6.7 billion with a coupon of 8.5%, externally credit-enhanced with a 65% guarantee from GuarantCo. This improvement boosted its credit rating from A+ to AA+ by CRISIL and ICRA, significantly reducing borrowing costs. Subscribers included Aseem Infra, Jio Finance, and SBI Capital Markets, with SBI Capital acting as the sole arranger.