Hero Future Energies Secures Funding for 120 MW Renewable Hybrid Project.

Hero Future Energies (HFE) announced recently that it has secured funding of ₹190.80 crore for its 120 MW renewable energy hybrid project. The financing has been arranged through its special purpose vehicle (SPV), Clean Renewable Energy Hybrid Three.

The funding was led by the State Bank of India, with participation from Canara Bank. The capital infusion will support the development of the hybrid project, which combines multiple renewable energy sources to enhance reliability and efficiency.

This move marks a significant step in HFE’s efforts to expand its clean energy portfolio and contribute to India’s renewable energy targets.