The urgency to fight climate change has never been greater. With India’s fast-growing economy and rising energy needs, we cannot rely only on fossil fuels. Clean soluons solar, wind, and hybrid power—are the way forward to secure both growth
and sustainability.
Yet, large-scale renewable projects need equally strong and innovave financing. This is where Green Bonds make the difference. Unlike tradional bonds, they are dedicated exclusively to sustainable iniaves—delivering aracve investment opons for investors while driving posive environmental impact.
For the first me in India, KPI Green Energy Limited has pioneered an externally credit–enhanced Green Bonds of ₹670 Cr, at a coupon rate of 8.50% p.a. and a 5-year quarterly amorsing profile—a historic milestone in renewable energy. Backed
by a 65% guarantee from GuarantCo, a part of Private Infrastructure Development Group, funded by governments of the UK, Switzerland, Australia, Sweden, the Netherlands via FMO, France, and Global Affairs Canada), this marks India’s first
externally credit-enhanced Green Bond by a renewable developer. GuarantCo is rated AA− (Fitch) and A1 (Moody’s), enabling our bond to achieve AA+ (CE) from top rang agencies – CRISIL and ICRA.
The proceeds of the bond will help KPI Green to expand its solar, wind and hybrid power porolio capacity across the country. The project will annually provide c. 210,000 people and several businesses with improved access to clean electricity and avoid
more than c.344,000 tCO2e per annum..
This iniave helps to deepen the bond markets in India, which has been the focal point for all stakeholders. This will lead to opening doors for others corporates to access newer liquidity pools through credit.
enhancements, thereby accelerang renewable energy infrastructure development. KPI Green Energy started its renewable journey in 2008. By early FY 2025–26, it has set up 1 GW of solar and hybrid plants, has over 3+ GW of projects in
hand, and has saved 2.1 million metric tons of CO₂. Across the KP Group, 6 GW of projects have been energized, equivalent to planng 260 million trees. With a target of 10 GW by 2030, these Green Bonds are not just financial instruments—they are
enablers of a greener tomorrow.
As our Chairman & Managing Director, Dr. Faruk G. Patel, says:
As our Chairman & Managing Director, “We have borrowed this planet from our future generaons. It is our duty to leave behind clean air and a healthier world. Renewable energy is not just business—it is a noble cause for nature, humanity, and all living beings.” KPI Green Energy—powering progress, responsibly.
