Key Highlights
- KPI Green Energy Limited secures ₹979 crore financing from Canara Bank.
- Sanction includes ₹931 crore term loan and ₹48 crore bank guarantee.
- Funds to support 150 MW wind power project in Gujarat.
- Project backed by 25-year PPAs with Gujarat Urja Vikas Nigam Limited.
- Total project cost estimated at ₹1,241.68 crore with 75:25 debt-equity ratio.
- Facility tenure spans over 20 years with structured moratorium period.
- Project contributes to KP Group’s 10 GW renewable energy target by 2030.
KPI Green Energy Limited has secured a financial sanction of ₹979 crore from Canara Bank to support the development of its 150 MW wind power project in Gujarat. The funding comprises a ₹931 crore fresh rupee term loan and a ₹48 crore bank guarantee facility.
The company is executing the project as an Independent Power Producer, further strengthening its renewable energy portfolio. The wind project will be developed across Bharuch and Bhavnagar districts in Gujarat and is backed by long-term revenue visibility through 25-year Power Purchase Agreements with Gujarat Urja Vikas Nigam Limited.
The total project cost is estimated at ₹1,241.68 crore and will be financed through a debt-equity ratio of 75:25. The sanctioned debt facility carries a tenure of over 20 years, including an implementation period of 1 year and 4 months, along with a moratorium period of one year. This structure is designed to ensure stable long-term financing and smooth project execution.
According to the company’s management, the financial closure marks a significant milestone in KPI Green Energy’s growth trajectory within the renewable energy sector. The company highlighted that continued support from public sector banks reflects confidence in its execution capabilities and long-term business model.
Once operational, the project is expected to contribute meaningfully to the broader renewable energy goals of the KP Group, which aims to achieve a total installed capacity of 10 GW by 2030. The company also noted that the project will enhance its annuity-based revenue streams while supporting India’s clean energy transition.