Hero Future Energies to invest US$3.6 billion in renewables in Andhra Pradesh

Facebook
Twitter
LinkedIn
Reddit
Email
Hero Future Energies will seek to set up solar and wind facilities in the Indian state of Andhra Pradesh. Image: Hero Future Energies.

Indian independent power producer (IPP) Hero Future Energies (HFE) has planned to invest INR30,000 crore (US$3.6 billion) in renewables in the Indian state of Andhra Pradesh.

The company signed a memorandum of understanding with the government of Andhra Pradesh to set up solar and wind facilities in the region.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Over the next three to five years the IPP will target the commercial and industrial (C&I) market, utility-scale projects as well as green hydrogen derivatives.

This marks a further step in the company’s growth after receiving a US$450 million investment from private equity firm KKR last year to support its renewables expansion and enter newer markets by 2025.

PV Tech has reached Hero Future Energies to seek details as to the capacity the IPP targets to develop within this investment.

Arun Tripathi, head of energy business at HFE, said: “We are extremely happy to partner with the Govt. of AP in their sustainable growth journey. HFE plans to make the most of the conducive policy environment for the renewables sector in Andhra Pradesh and help the state emerge as a leading hub for renewables in the country.”

Established in 2012 and present in India, Bangladesh, Vietnam, Singapore, Ukraine and the UK, the IPP currently has 1.6GW of operational assets across utility and C&I markets.

Read Next

June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
Indian solar manufacturer Premier Energies has commissioned its 1.2GW TOPCon solar cell manufacturing line at Fab City, Hyderabad, Telangana.
June 26, 2025
ACEN has partnered with UPC Renewables to build two renewable projects in Rajasthan and Karnataka, India. 
June 25, 2025
Emmvee has secured INR15 billion (US$174 million) order for TOPCon bifacial solar modules from KPI Green Energy. 
June 25, 2025
State-owned firm Solar Energy Corporation of India (SECI) has launched a solar-plus-storage tender seeking 1.2GW of solar PV.
June 24, 2025
Waaree Renewable Technologies has signed an MoU with Viet Khanh to establish a 100MWp solar project in the region. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece