Hero Future Energies Commissions Solar Project In Karnataka

Hero Future Energies Commissions Solar Project In Karnataka

Hero Future Energies, the renewable energy arm of the Hero Group announced the successful commissioning of its 29 MWp solar project in Chitradurga, Karnataka. This open-access site is meant to cater to the power needs of the southern state’s commercial and industrial (C&I) sector.

The company said that the solar project is expected to generate 33 million units of green energy annually contributing directly to India’s clean energy and climate action goals. The power generated from this plant will be supplied to leading corporates in the region including BASF India Ltd, KEMS Forging Ltd, VRKP Sponge and Power Plant and Aurigene Oncology Ltd., with whom HFE has already signed Power Purchase Agreements (PPAs) for this purpose.

Investment in Karnataka 

Announcing this latest commissioning, Srivatsan Iyer, Global CEO, Hero Future Energies, said, “At Hero Future Energies, we are working steadfastly towards accelerating India’s journey to Net Zero, while also enhancing its energy security. This project is yet another milestone open access initiative that expands our footprint in Karnataka and demonstrates our commitment towards industrial decarbonisation. Through this, we aim to empower businesses and communities, and act as an end-to-end partner for our C&I clients in their net zero journeys.”

HFE recently also signed a significant Memorandum of Understanding (MoU) with the Government of Karnataka. Valued at ₹11,000 crore, the MoU outlines extensive investments in renewable energy and green hydrogen projects across the state, further bolstering Karnataka’s position as a leader in clean energy.

Diversified portfolio

Hero Future Energies (HFE) is a global renewable energy company and part of the Hero Group. HFE is headquartered in London and was established in 2012. HFE has a global portfolio of 7.5 GWp of renewable energy (RE) assets across India, Ukraine, Bangladesh, Vietnam, and UK of operating or under-construction projects. Apart from traditional wind and solar PV assets, the portfolio, comprises advanced high CUF projects such as hybrid power, peak-power, firm dispatchable power and emerging technologies projects such as energy storage, green hydrogen, and its derivatives.