Hero Future Energies to develop renewable energy projects worth Rs 6200 crore
Independent Power Producer (IPP) Hero Future Energies has signed two Memorandums of Understanding with REC Limited and PFC Limited for an infusion of Rs.3100 crores each over the next 5 years.
The amount would be used for the development of renewable projects across India including solar and wind for C&I customers, utility projects, and green hydrogen derivatives, and will strengthen the company by ensuring the financial closure for future projects in the pipeline.
Also Read: Rs 30,000 Crore Investment In Andhra Pradesh Planned By Hero Future Energies