KPI Green Energy secures Rs 272 crore loan for 50 MW power project in Gujarat, boosting renewable energy efforts.

KPI Green Energy, a leading renewable energy company, has recently announced securing a significant Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) for its upcoming 50 MW hybrid power project in Bharuch, Gujarat. This project, which includes both 75.2 MWp solar and 16.95 MW wind capacity, is a major step towards sustainable energy generation in the region. KPI Green Energy has entered into a 25-year Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited for the operation of this project. The financial support from NaBFID will play a crucial role in ensuring the timely completion of this ambitious project. This development underscores the company’s commitment to expanding renewable energy infrastructure and reducing carbon footprint. With a focus on green energy solutions, KPI Green Energy is set to make a significant contribution to India’s renewable energy goals. The project in Bharuch, Gujarat, is poised to make a positive impact on the local community and environment, while also boosting the state’s renewable energy capacity. Stay tuned for more updates on this groundbreaking project that aims to drive sustainable development and energy security in the region.

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