Pioneering sustainable finance to power India’s clean energy future.
KPI Green Energy Lists India’s First Credit-Enhanced Green Bond Worth ₹670 Cr.
KPI Green Energy has launched India’s first externally credit-enhanced green bond, raising ₹670 crore to accelerate renewable energy expansion. The bond, backed by GuarantCo—rated AA- by Fitch and Aa by Moody’s—secured an AA+(CE) rating from CRISIL and ICRA. This structure broadens access to long-term domestic investors such as infrastructure funds, mutual funds, and insurers, marking a breakthrough in sustainable finance. Proceeds will fund KPI’s solar, wind, and hybrid projects across India, supporting its journey from the current 1 GW capacity towards a 10 GW target by 2030. With a pipeline exceeding 3 GW, KPI is positioned as one of India’s renewable leaders. The projects financed will supply clean power to around 2.1 lakh people and businesses annually while cutting over 344,000 tonnes of carbon emissions. This innovative transaction sets a precedent for Indian corporates tapping responsible capital and unlocks fresh liquidity for the country’s clean energy transition.