Hero Future Energies Signs MoUs with PFC and REC for INR 6200 Crore
A sum of INR 6200 crore, gained cumulatively with the MoUs, will be used for the development of renewable projects across India including solar & wind for C&I customers, utility projects and green hydrogen derivatives.
July 25, 2023. By Anurima Mondal
The MoUs were signed on the sidelines of the 4th G20 Energy Transition Working Group (ETWG) meetings at Goa. A sum of INR 6200 crore, gained cumulatively with the MoUs, will be used for the development of renewable projects across India including solar & 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.
Speaking on this occasion, Srivatsan Iyer, Global CEO, Hero Future Energies said, “We are enthusiastic about the collaboration with REC and PFC Limited. The company aims to grow 5x in the next 5 years and this significant financial backing will accelerate our business expansion across geographies.”
Hero Future Energies currently has a portfolio of 1.8 GW of wind, grid-connected solar and rooftop solar power generating assets operating in India and Europe and another 2 GW of shovel-ready projects across India, Vietnam, Bangladesh, and the UK.
please contact: contact@energetica-india.net.
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