KPI Green Energy secures Rs 3,200 crore SBI sanction for solar and hybrid projects in Gujarat

KPI Green Energy on Thursday said it has secured a sanction of Rs 3,200 crore finance facility from State Bank of India for its solar and hybrid independent power producer projects, aggregating over 1 GWp in Gujarat.

The sanctioned facilities will support two strategically significant renewable projects – a 250 MW (AC)/ 350 MWp (DC) solar power project and a 370 MW hybrid power project, comprising 557 MWp solar portion and 124.20 MW wind portion, according to a company statement.