Hero Future Energies commissions 29 MW solar project in Karnataka

Hero Future Energies (HFE) on Friday announced the commissioning of a 29 MW solar project at Chitradurga in Karnataka
Representative image
Representative image
Published on

New Delhi: Hero Future Energies (HFE) on Friday announced the commissioning of a 29 MW solar project at Chitradurga in Karnataka.

The solar project is expected to generate 33 million units of green energy annually which will lead to a carbon dioxide reduction of 31,624 tonnes, the company said in a statement.

This open-access site will cater to the power needs of the Commercial and Industrial (C&I) sector, it said.

PSU Watch is now on Whatsapp Channels. Click here to join

Srivatsan Iyer, Global CEO, Hero Future Energies, said, "This project is yet another milestone open access initiative that expands our footprint in Karnataka and demonstrates our commitment towards industrial decarbonisation. Through this, we aim to empower businesses and communities, and act as an end-to-end partner for our C&I clients in their net zero journeys."

Representative image
ReNew will install solar power plants in kitchens of Akshaya Patra Foundation

HFE recently also signed a Memorandum of Understanding (MoU) with the Government of Karnataka valued at Rs 11,000 crore for investments in renewable energy and green hydrogen projects across the state. The renewable energy arm of the Hero Group, HFE is backed by leading global investors such as International Finance Corporation (IFC) and KKR.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com