Hero Future Energies secures hybrid project in Andhra Pradesh
Author: PPD Team Date: October 8, 2025
Hero Future Energies (HFE), through its special purpose vehicle Clean Renewable Energy Hybrid Three Private Limited, has raised Rs 1,908 crore in funding from the State Bank of India (SBI) and Canara Bank to develop a 120 MW hybrid renewable energy project in Kurnool, Andhra Pradesh.
The project, contracted with SJVN, will integrate wind, solar, and storage systems to deliver reliable peak power. The loan carries a repayment period of 21 years.
In September 2025, HFE secured Rs 1,024 crore from the State Bank of India for another 60 MW hybrid project in Kurnool through its SPV Clean Solar Power Barmer Private Limited.