Hero Group invests $200 million in solar

Hero group to invest in solar project in Rajasthan

Hero Future Energies Global (HFE), the clean energy arm of Hero Group, will invest around $200 million in a solar project in Rajasthan. International Finance Corporation (IFC) will invest around $43.3 million (Rs 300 crore) and developed by Clean Solar Power (Jodhpur). HFE is leading renewable energy developer in India and currently has an installed capacity of more than 1.2 GW and is in process of another 1 GW. The company proposes development, construction, operation and maintenance of a 250 MW solar farm located in Bhadla, Rajasthan. The solar farm will sell power to Solar Energy Corporation of India Limited (SECI) pursuant to a 25-year Power Purchase Agreement (PPA).

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