Hero Future Energies Signs MoU for Green Hydrogen Investment in Karnataka
Key Ideas
- Hero Future Energies to invest Rs 11,000 crore in Karnataka for Renewable Energy and Green Hydrogen projects.
- The projects are expected to create nearly 3,000 jobs in the state.
- Karnataka Government will support the initiatives with permissions, approvals, and incentives under existing policies.
Hero Future Energies Private Limited (HFEPL) has signed an MoU with the Government of Karnataka to invest Rs 11,000 crore in setting up projects related to Renewable Energy, Green Hydrogen, and its derivatives in the state. The investment, starting in 2025-26, aims to expand decarbonization efforts and generate around 3,000 jobs. HFEPL's leadership emphasized the importance of transitioning to clean energy and leveraging green hydrogen solutions for global decarbonization. The collaboration with the Karnataka Government highlights the state's commitment to green energy solutions and sustainable industrial development. The MoU, formalized during the London Roadshows, aligns with Karnataka's goal of attracting global investments and advancing technological innovations. This initiative also serves as a strategic preparation for the Global Investors Meet, Invest Karnataka 2025, focusing on creating a competitive and digitally advanced industrial ecosystem.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Investment
Job Creation
Industry Development
Government Collaboration
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