Hero Future Energies Secures INR 10240 Million Funding From SBI For 60 MW RE Hybrid Project

New Delhi: Hero Future Energies Pvt. Ltd. (HFE), through its SPV Clean Solar Power Barmer Private Limited, has secured funding worth INR 10240 million from State Bank of India. The funds will be utilized for the development and construction of HFE’s 60 MW Hybrid Peak Power Project. The project which combines solar, wind and storage, and is contracted with SECI, is being built in Kurnool district of Andhra Pradesh. This funding, which will have repayment spread over a period of 21 years, will help in timely completion of the said peak power project. A company statement said that this reflects the lending community’s strong confidence in HFE’s expertise in development of RE hybrid projects.

Share on Facebook

Post on X