Hero Future Energies (HFE), through its special purpose vehicle Clean Solar Power, Barmer, has secured Rs 10,240 million (Rs 1,024 crore) funding from State Bank of India, for its 60 MW hybrid peak power project in Kurnool district, Andhra Pradesh.
The project is contracted with the Solar Energy Corporation of India (SECI) and aims to provide reliable hybrid peak power. The funding features a repayment tenure of 21 years, supporting the timely development and construction of the project.
The 60 MW plant is expected to strengthen the region’s renewable energy capacity while enhancing grid stability through hybrid solar power solutions. The project is a significant step towards expanding clean energy infrastructure and meeting India’s growing power demands sustainably.