KfW Signed Credit Lines with SBI, REC and BoB for a Total Amount of EUR 450 Million to Support Innovative Renewable Energy Projects

Signing with SBI in October 2024; Signing with REC and BoB in December 2024 | SBI signing: GIFT City, Gandhinagar, Gujarat, India; REC and BoB signing: Delhi

Between October and December 2024, KfW signed Lines of Credit with the State Bank of India (EUR 150 million), REC Limited (EUR 200 million), and Bank of Baroda (EUR 100 million) to finance innovative renewable energy projects. These new credit lines strengthen KfW's commitment to supporting India’s green energy transition on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). 

With these milestones, KfW’s energy portfolio in India now stands at EUR 5.4 billion, contributing to 8.3 GW of renewable energy capacity and 17.1 million tonnes of CO2 emission savings annually.

For more information,  contact Mr. Stefan Kliesch, stefan.kliesch(at)kfw.de.