Tripathi says Hero Future Energies to help AP emerge as a renewable hub
Hero Future Energies plans to invest Rs.30,000 crores to set up RE facilities (Solar & Wind) for Commerce & Industrial customers, Utility projects and green hydrogen Derivatives in Andhra Pradesh over the next three to five years.
It has signed a Memorandum of Understanding with the State Government at the Andhra Pradesh Global Investor’s Summit 2023 held 3-4 March in Visakhapatnam.
HFE Energy Business Head Arun Tripathi said on 16 March, “HFE plans to make the most of the conducive policy environment for renewables sector in Andhra Pradesh and help the state emerge as a leading hub for renewables in the country.
“This MoU reflects HFE’s commitment to not only accelerate green growth across the country but also create more green jobs.”
Established in 2012, Hero Future Energies is present across multiple states in India, Bangladesh, Vietnam, Singapore, Ukraine and the UK. An independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial & industrial sectors, the company plans to invest progressively in grid connected solar and wind, rooftop sectors, energy storage and green hydrogen over the next few years in India and internationally. fiinews.com
