Project finance for solar, wind, hybrid, BESS and traditional power projects — backed by PPAs with discoms, corporate offtakers, or SECI/NTPC. Long-tenor structures with REC, PFC, IIFCL, IREDA and AIF green funds.
BIG LOANS arranges ₹100 crore-and-above project finance and structured debt for the Indian energy sector — utility-scale solar, wind, hybrid and BESS (battery energy storage) projects backed by 25-year PPAs with state discoms, SECI, NTPC, or corporate offtakers; traditional thermal power; and energy transition / decarbonisation capex. Renewable project finance typically runs 15-20 year tenors matched to PPA tenor, with debt:equity of 75:25 for solar/wind and 70:30 for hybrid/BESS. Lender universe is specialized: REC, PFC, IIFCL, IREDA dominate, with private banks and AIF green funds participating selectively.
Renewable energy project finance is one of the cleanest debt structures in India — long-tenor PPAs (typically 25 years) with regulated counterparties create highly predictable cash flows. Debt-to-equity of 75:25 for solar / wind utility-scale; 70:30 for hybrid / BESS projects with more revenue-mix risk. Tenor matched to PPA, typically 15-20 years.
The Indian renewable sector has attracted significant foreign and AIF green finance — KfW, IFC, ADB, AIIB on the multilateral side; Brookfield, Actis, Macquarie, Copenhagen Infrastructure on the private side. Domestic infrastructure NBFCs (REC, PFC, IIFCL, IREDA) anchor most utility-scale project finance.
Common funding situations across energy & renewables.
100-500 MW solar farm with 25-year PPA from SECI / state discom. Project finance ₹250 Cr to ₹2,500 Cr, syndicated across 4-8 lenders.
Wind or solar-wind hybrid project. Similar structure to solar but with hybrid revenue mix requiring lender comfort on resource availability.
Battery Energy Storage System — either standalone or coupled with renewables. Newer asset class, lender appetite developing rapidly.
Renewable project with corporate offtaker (Reliance, Tata, ITC, large IT firms) on long-term PPA. Different counterparty risk profile from discom PPAs.
Operational renewable asset refinanced into longer-tenor cheaper debt 2-3 years after COD. Often a major IRR booster for the equity sponsor.
Working capital for EPC contractors and developers managing multi-project pipelines. Receivable cycles can be long.
Renewables debt is dominated by project finance with specialty lenders.
Renewable project finance has a specialized lender universe led by power-sector NBFCs and supplemented by green-finance lines.
REC, PFC, IIFCL, IREDA — the four major power-sector NBFCs anchor most utility-scale renewable project finance in India.
HDFC, ICICI, Axis, Kotak — increasingly active for renewables given the long-tenor stable cash flow profile and ESG positioning.
KfW, ADB, AIIB, IFC, JICA — often layer on top of bank debt with concessional pricing and longer tenors.
SBI, BOB, PNB participate in syndicated renewable project finance, particularly for larger projects (1 GW+).
Brookfield India, Actis, Macquarie's GIG, Copenhagen Infrastructure Partners — both equity and structured debt providers.
Same 5-stage process for any large-ticket corporate debt mandate, applied to energy & renewables specifics.
NDA, then a short call to understand the business model, key financial drivers, capital need. Sector-specific risk factors mapped early.
Optimal facility mix, tenor, security. Lender shortlist tuned to sector appetite — banks for vanilla, NBFCs / AIFs for specialty structures.
Sector-grade Information Memorandum, financial model, market analysis. Pitched to shortlisted lenders in parallel.
Multiple sanctions negotiated in parallel on pricing, covenants, security. Final lender(s) selected.
Loan agreement, security creation, CPs satisfied, drawdown. Sector-specific compliances (RERA, FEMA, SEBI, etc.) handled along the way.
Share a one-page brief on your business and funding need. We respond within one working day with feasibility, structuring and lender shortlist tuned to your sector.