Hero Future Energies Private Limited (HFE), through its special purpose vehicle (SPV) Clean Renewable Energy Hybrid Three Private Limited, has raised Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The financing will support the development and construction of HFE’s 120 MW hybrid renewable energy project in the Kurnool district of Andhra Pradesh.
Contracted with SJVN, the project combines wind, solar, and storage technologies to ensure a reliable peak power supply. Furthermore, the funding has a repayment period of 21 years.
Earlier in September 2025, HFE, through its SPV, Clean Solar Power Barmer Private Limited, secured Rs 10.24 billion in funding from the State Bank of India for the company’s 60 MW hybrid peak power project being developed in the Kurnool district of Andhra Pradesh.
Furthermore, in May 2025, HFE signed a power purchase agreement with the Solar Energy Corporation of India Limited for a 270 MW solar power project integrated with an energy storage system.
