Hero Future Energies Secures Rs 1,908 Cr Funding for 120 MW Hybrid Renewable Project in AP

Hero Future Energies Pvt. Ltd. (HFE), through its special purpose vehicle Clean Renewable Energy Hybrid Three Pvt. Ltd., has secured Rs 1,908 crore in funding from the State Bank of India (lead lender) and Canara Bank. The funds will support the development and construction of HFE’s 120 MW renewable energy hybrid project in Kurnool, Andhra Pradesh. Contracted with SJVN, the project combines wind, solar, and storage technologies to deliver reliable peak power.

The financing, with a repayment tenure of 21 years, will enable timely project execution and commercial operation. This financial closure highlights the continued confidence of lenders in HFE’s expertise in executing complex hybrid renewable projects and its commitment to advancing India’s clean energy transition.