Hero Future Energies Limited (HFE) has secured Rs 10.24 billion in funding from the State Bank of India (SBI) for the development and construction of a 60 MW solar-wind-storage hybrid peak power project in Kurnool district, Andhra Pradesh.
The funding has been raised through the special purpose vehicle Clean Solar Power Barmer and will be repaid over a tenure of 21 years. The project is contracted with the Solar Energy Corporation of India Limited.