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Hero Future Energies secures funding from SBI & Canara Bank

Contracted with SJVN, the 120 MW RE hybrid project by Hero Future Energies combines wind, solar, and storage for reliable peak power.

October 06, 2025. By News Bureau

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured funding worth INR 19,080 Million from the State Bank of India (lead) and Canara Bank. These funds will be utilised for the development and construction of HFE’s 120 MW RE hybrid project situated at Kurnool, Andhra Pradesh. The project is contracted with SJVN and integrates wind, solar, and storage technologies to deliver reliable peak power.

With a repayment period of 21 years, the funding will ensure timely project execution and commencement of commercial operation. This financial closure reflects the lending community’s continued confidence in HFE’s expertise in developing complex hybrid renewable projects as the company looks to be an active contributor to energy transition in India.

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