KPI Green Energy Limited has received a total funding sanction of ₹979 crore from Canara Bank for a 150 MW wind power project in Gujarat. The financing includes ₹931 crore as a fresh rupee term loan and ₹48 crore as a bank guarantee facility.
As per the exchange filing, the project will be developed under the Independent Power Producer (IPP) model and is part of the company’s ongoing expansion in renewable energy capacity.
The wind project is planned across Bharuch and Bhavnagar districts in Gujarat. It is backed by long-term power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL) for a period of 25 years.
These agreements are expected to provide predictable revenue flows once the project becomes operational, in line with typical IPP structures.
The total project cost has been estimated at ₹1,241.68 crore. The financing structure follows a debt–equity ratio of 75:25, with the bank sanction forming the debt component.
Such structuring is commonly used in infrastructure projects to balance upfront capital requirements with long-term repayment schedules.
The sanctioned facility carries a door-to-door tenure of 20 years and 1 month. This includes an implementation period of 1 year and 4 months, along with a moratorium of 1 year on repayments.
The timeline is aligned with the construction phase and initial ramp-up period before revenue generation stabilises.
The project forms part of KPI Green Energy’s IPP portfolio and contributes to the plans of the KP Group. The group has outlined a renewable energy capacity target of 10 GW by 2030.
Its activities span wind, solar, hybrid energy systems, battery storage, and green hydrogen initiatives.
Read More: KPI Green Energy Share Price in Focus; Energises 35 MWp Capacity, Operational IPP Portfolio Reaches 589 MWp!
As of March 17, 2026, 2:57 pm, KPI Green Energy Ltd share price stood at ₹389, a 2.29% increase from the previous closing price.
The sanctioned funding supports the execution of a grid-linked wind project with long-term supply agreements and defined financing terms, aligned with the company’s capacity addition plans.
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Published on: Mar 17, 2026, 3:15 PM IST
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