HFE signs Rs 300 billion MoU for 4 GW renewable projects in Andhra Pradesh

Hero Future Energies has signed an MoU worth Rs 300 billion with the Andhra Pradesh government to set up 4 GW of renewable energy projects. The projects will come up in Ananthapuramu, Kurnool and Kadapa and will be developed in two phases. HFE will use its technical and project development experience to deliver the planned capacity. The projects are expected to create more than 15000 direct and indirect jobs.

The agreement adds to Andhra Pradesh’s recent inflow of clean energy investment. On November 14, Brookfield signed an MoU with the state for about 12 billion dollars in green energy projects. ReNew Energy Global Plc announced a new plan of Rs 60000 crore, which takes its total commitments in the state to Rs 82000 crore. Reliance has also announced investments in the state’s energy sector.