NLC India Limited secures €100 million loan from KfW to develop solar and battery energy storage projects in India

NLC India Limited secured a €100 million loan from KfW to finance the development of solar and battery energy storage systems (BESS) projects across India. The financing will support grid reliability improvements and align with India's renewable energy expansion goals, including targets for solar and storage integration. The initiative underscores international confidence in India's energy transition, with KfW acting as a key development finance institution providing long-term capital. NLC India, a state-owned enterprise under the Ministry of Coal, will deploy the funds to diversify its clean energy portfolio beyond traditional thermal power assets. The loan agreement was signed on April 22, 2026, marking a strategic step in India's push toward 500 GW of renewable energy capacity by 2030.

Counterparts (2)

Lender

KfW

company · 2 deals

KfW is a German state-owned development bank that provides financing for infrastructure projects, energy transition, and social development both in Germany and internationally. It focuses on promoting sustainable development and climate protection through its various financing programs and initiatives.

borrower

NLC India Limited

company · 4 deals

NLC India Limited is a Navratna public sector undertaking under the Ministry of Coal, Government of India, engaged in lignite and coal mining, and thermal power generation. The company operates over 6 GW of power generation capacity, including a growing portfolio of solar and wind energy projects, primarily across India.