KPI Green Energy secures financing for 150 MW Gujarat wind project

Total cost is ₹1,241.68 crore with 75:25 debt–equity ratio.

KPI Green Energy Limited has received financial sanction of ₹979 crore from Canara Bank to support its 150 MW wind power project in Gujarat.

The funding comprises a fresh Rupee Term Loan of ₹931 crore and a Bank Guarantee of ₹48 crore.

The project, being developed in the Bharuch and Bhavnagar districts, is part of KPI Green Energy’s expanding portfolio as an Independent Power Producer (IPP). It is backed by 25-year Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL), ensuring long-term revenue stability.

The total project cost is estimated at ₹1,241.68 crore, structured on a debt–equity ratio of 75:25, with the sanctioned term loan forming the debt portion of the financing.

The facility comes with a door-to-door tenor of 20 years and one month, including an implementation period of 16 months and a one-year moratorium, providing robust long-term financial support for the project’s execution.