SECTOR
KPI Green Energy secures Rs 979 crore financing from Canara Bank
Mar-17-2026

KPI Green Energy has secured sanction of Rs 979 crore (Rs 931 crore Term Loan and Rs 48 crore Bank Guarantee Facility) from Canara Bank to finance the development of its 150 MW wind power project in Gujarat.

The project is secured by 25-year long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL), is being developed in Bharuch and Bhavnagar districts in Gujarat and forms part of the company’s growing Independent Power Producer (IPP) portfolio. The total project cost is estimated at Rs 1,241.68 crore, proposed to be funded in a debt-equity ratio of 75:25, with the sanctioned term loan forming the debt component of the project financing.

The facility carries a door-to-door tenor of 20 years 1 month, including implementation period of 1 year 4 months and moratorium period of 1 year, providing long-term financial support for the project’s development and implementation. 

KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers. The company is a part of KP Group.


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