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SBI Inks €150 Million Loan Agreement with KfW to Finance Solar Projects in India

KfW had granted a loan of €150 million to SBI in 2017 to fund solar projects

November 10, 2022

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State Bank of India (SBI) has signed an agreement with Kreditanstalt für Wiederaufbau (KfW) to receive a low-interest loan of €150 million (~$150.66 million) to finance solar projects in India. The loan will primarily fund innovative technologies, such as automated dry cleaning of solar modules to reduce water consumption.

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