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Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project
Articles- Oct 07,25
The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power.
Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.
The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.
This financial closure underscores the banking community’s confidence in HFE’s expertise in executing complex hybrid renewable projects and reinforces the company’s commitment to India’s energy transition.
Hero Future Energies
renewable energy
hybrid project
Kurnool
SBI
Canara Bank
wind-solar-storage
energy transition
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