Hero Future Energies (HFE) has signed two memoranda of understanding (MoUs) with REC Limited and Power Finance Corporation Limited (PFC) for infusion of Rs 31 billion each into HFE over the next five years.
The funds will be used to develop renewable projects across the country, including solar and wind for commercial and industrial customers, utility projects and green hydrogen derivatives, and will strengthen the company by ensuring the financial closure for future projects.