Hero Future secures Rs 10.24 billion for 60 MW hybrid project
Hero Future Energies Private Limited (HFE), via its special purpose vehicle Clean Solar Power Barmer Private Limited, has obtained Rs 10.24 billion in financing from the State Bank of India. The funds are allocated for a 60 MW hybrid peak power project in Kurnool district, Andhra Pradesh.
The project integrates solar, wind, and energy storage capacity and has an agreement with the Solar Energy Corporation of India (SECI). The financing carries a repayment schedule of 21 years.
HFE manages a global portfolio of 5 GW in renewable energy assets, including projects in India, Ukraine, Bangladesh, Vietnam, and the United Kingdom, covering both operational and under-construction facilities.