KPI Green Energy is set to raise Rs 3,200 crore through a 20-year loan from the State Bank of India (SBI), according to a Reuters report.

The funds will be disbursed in phases over the next 1.5 years at an interest rate of 8.45 percent, and will support the company’s plans to expand its renewable power production capacity. KPI Green Energy, which focuses on solar, wind, and hybrid power solutions, is leveraging the loan as part of its Independent Power Producer (IPP) growth strategy.

Chairman and Managing Director Dr. Faruk G Patel stated that all ongoing IPP projects are expected to be completed by 2027, generating an estimated Rs 1,000 crore in revenue. The loan approval aligns with India's green energy mission of achieving 500 GW of non-fossil fuel capacity by 2030 and is considered one of the sector’s larger recent financing deals.