NLC India Secures EUR 100 Million Loan from KfW Germany for Solar, Energy Storage Projects
NLC India has signed a EUR 100 million loan agreement with KfW to fund solar and battery energy storage projects.
April 22, 2026. By Mrinmoy Dey
The agreement was signed in the presence of senior officials from both organisations, including representatives from KfW’s India office and leadership from NLC India. The signing formalities were completed by Murugan D, DGM (i/c), on behalf of NLCIL, and Padmavathi J, CFO, representing NLC India Renewables (NIRL), the project executing agency and Carolin Gassner, Director, and Frank Bohnet, Director, on behalf of KfW.
The funding is aimed at strengthening NLC India’s renewable energy portfolio by supporting solar generation capacity along with battery energy storage systems.” The funding will support solar power generation and battery energy storage systems, strengthening clean energy capacity and grid reliability. It will also enable access to capital at competitive rates and diversify NLCIL’s borrowing portfolio,” the company stated.
In December 2025, NLC India secured its first Green Loan under the External Commercial Borrowing (ECB) framework, raising JPY 15.464 billion (USD 100 million) from Sumitomo Mitsui Banking Corporation (SMBC). It will exclusively support capital expenditure for renewable energy projects undertaken through its subsidiary, NLC India Renewables (NIRL).
NLC India has set a target of 10 GW of renewable energy capacity by 2030 and aims to raise the green share of its power portfolio to 50 percent, contributing to India's Net-Zero 2070 vision.
please contact: contact@energetica-india.net.
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