KPI Green Energy Limited has secured a sanction of ₹3,200 crore from the State Bank of India to support its solar and hybrid power projects in Gujarat. The funding package includes both fund-based and non-fund-based facilities, enabling the development of a 250 MW solar project and a 370 MW hybrid project, contributing to an overall capacity of more than 1 GWp.
The projects, located in Bharuch and Surendranagar districts, are backed by 25-year Power Purchase Agreements with Gujarat Urja Vikas Nigam Limited (GUVNL). The hybrid project integrates solar (557 MWp) and wind (124.20 MW) generation.
Financing will follow a 75:25 debt-equity ratio, covering project costs, reimbursement of incurred expenses, and further development. This sanction reflects SBI’s confidence in KPI Green Energy’s expertise, proven execution, and financial strength.
As per the exchange filings, Dr Faruk Patel, Chairman & Managing Director of KPI Green Energy Limited, commented: “This landmark sanction from the State Bank of India is a strong validation of KPI Green Energy’s capabilities and long-term vision. Financing is a critical enabler of large-scale infrastructure, and this partnership empowers us to accelerate capacity addition under India’s renewable transition.”
Once commissioned, the projects will contribute significantly to the KP Group’s 10 GW target by 2030, generate steady revenue through PPAs, and help avoid 1.5 million tonnes of CO₂ annually, equal to planting 65 million trees each year.
This development further strengthens KPI Green Energy’s position as one of the fastest-growing renewable energy firms, committed to India’s clean energy transition.
Read More: KPI Green Energy Share Price in Focus After Receiving Major Solar Project LOA!
As of September 25, 2025, at 10:35 AM, KPI Green Energy share price is trading at ₹476.60 per share, reflecting a surge of 2.45% from the previous day's closing price.
This financing strengthens KPI Green Energy’s capacity to execute large-scale renewable projects, boosting its 10 GW target by 2030. It reinforces the company’s role in India’s clean energy shift, ensuring long-term revenue and significant CO₂ reduction, while enhancing stakeholder value and sustainability impact.
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Published on: Sep 25, 2025, 1:20 PM IST
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