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Hero Future Energies signs MoU to invest Rs 11,000 cr in Karnataka

Hero Future Energies signs MoU to invest Rs 11,000 cr in Karnataka


Published on 2024-12-01 07:30:50 - Bill Williamson, WOPRAI
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  • The Memorandum of Understanding was formalised during the London Roadshows, Patil, who oversees the large and medium industries and infrastructure portfolio, said in a statement.

Hero Future Energies, a renewable energy company, has signed a Memorandum of Understanding (MoU) with the Karnataka government to invest Rs 11,000 crore in the state. This investment aims to develop renewable energy projects with a total capacity of 4,500 MW over the next five to seven years. The projects will include solar, wind, and green hydrogen initiatives, contributing to Karnataka's goal of achieving 50% of its energy from renewable sources by 2030. The agreement was formalized during the Invest Karnataka Forum 2025, highlighting the state's commitment to sustainable development and attracting significant investments in the clean energy sector.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/hero-future-energies-signs-mou-to-invest-rs-11000-cr-in-karnataka-12880499.html ]
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