State Bank of India (SBI) is set to sign a €150 million line of credit with German development bank KfW to finance climate-friendly energy generation projects. The long‑term facility will help fund renewable power and energy‑efficiency initiatives in India, supporting the country’s broader clean‑energy transition
State Bank of India is preparing to formalise a €150 million line of credit with KfW, aimed specifically at funding climate‑friendly energy generation projects across India. The dedicated green window will enable SBI to extend long‑tenor loans to developers of renewable energy, distributed solar and energy‑efficiency schemes, aligning with India’s net‑zero ambitions and growing green‑finance pipeline.
Key highlights:
The KfW facility will be denominated in euros, with on‑lending in rupees, helping SBI diversify its funding base while offering competitive financing to domestic borrowers in the clean‑energy space.
Funds are expected to support projects such as solar parks, wind farms, small hydro and other low‑carbon generation assets that meet defined climate‑friendly criteria and environmental safeguards.
The partnership builds on earlier SBI–KfW collaborations in renewable energy and grid modernisation, reinforcing SBI’s position as a leading green lender among Indian banks and strengthening Indo‑German development cooperation in sustainable infrastructure.
Sources: State Bank of India exchange disclosure; KfW development finance communication.