Hero Future Energies commissions 29 MW solar project in Karnataka
Author: PPD Team Date: December 30, 2024
Author: PPD Team Date: December 30, 2024
Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year.
This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs.
Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting industrial decarbonisation. “This is a milestone in our open-access efforts to assist businesses in achieving net-zero emissions,” he said.
HFE recently signed a Memorandum of Understanding (MoU) with the Government of Karnataka, committing Rs 110 billion to renewable energy and green hydrogen initiatives in the state. Supported by investors like the International Finance Corporation (IFC) and KKR, HFE is a leading renewable energy firm under the Hero Group.
Established in 2012, HFE develops wind, solar, and hybrid energy solutions with a presence in Asia, Africa, and Europe.
Author: PPD Team Date: September 21, 2024 ArcelorMittal Nippon Steel (AM/NS) India has launched a value-added steel line, Magnelis, with an investment of nearly Rs 10 billion at its Hazira plant in Gujarat. The production line, with a capacity of 500,000 tonnes per annum, is aimed at solar panel manufacturers. The company is in talks with major customers like Adani Green Energy, Reliance Industries, Sterling & Wilson, and NTPC. AM/NS is also planning a new…
Author: PPD Team Date: March 24, 2025 Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated multiple subsidiaries to implement renewable energy projects in India. The company recently set up eight wholly owned subsidiaries—Torrent Urja 39 Private Limited, Torrent Urja 40 Private Limited, Torrent Urja 41 Private Limited, Torrent Urja 42 Private Limited, Torrent Urja 43 Private Limited, Torrent Urja 44 Private Limited, Torrent Urja 45 Private…
Author: PPD Team Date: September 13, 2024 NTPC has signed an MoU with USAID’s India Mission to create a roadmap for transforming its townships and offices into net zero establishments. NTPC aims to achieve net zero Scope 2 emissions in its townships and offices by FY 2025-26. Efforts are also underway to make these locations net zero in water and waste. The MoU outlines the development of strategies and a roadmap for achieving these goals,…
Author: PPD Team Date: December 11, 2024 Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility. The Delhi-based company plans to invest Rs 6.5 billion to produce solar panels, lithium-ion batteries, and allied solar products. The facility, set to begin with a production capacity of 2 GW, will cater to residential, commercial, and industrial segments, with exports to…
Author: PPD Team Date: October 28, 2024 Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as ENW is situated between the existing ScottishPower network regions in Scotland and areas…
Author: PPD Team Date: June 4, 2025 Enviro Infra Engineers Limited has approved the acquisition of a 100 per cent equity stake in Sunaxis Renewables Private Limited from its wholly owned subsidiary, EIE Renewables Private Limited. Following the transaction, Sunaxis Renewables will become a step-down wholly owned subsidiary of Enviro Infra Engineers. Sunaxis Solar Power Private Limited focuses on solar solutions for industrial operations. With over 30 years of experience, the company has executed more…