Hero Future Energies has entered into a partnership with the government of Karnataka, India, to invest Rs110bn ($1.3bn) in renewable energy projects, particularly focusing on green hydrogen and its derivatives. This initiative is expected to kick off in 2025/26 and is projected to generate 3,000 employment opportunities in the state. The agreement includes support from the state government for obtaining permissions, approvals, and incentives to ensure smooth and timely project execution in compliance with local regulations. During the signing ceremony at the London Roadshows, Hero Future Energies emphasized its commitment to expanding decarbonization efforts beyond traditional grids into sectors like transportation and heavy engineering manufacturing. Hero Future Energies, founded in 2012 by Rahul Munjal, is a part of the Hero Group and has notable investors like the International Finance Corporation and KKR. The company has ambitious plans to invest $20bn by 2030 to increase its capacity to 30GW from the current 1.9GW, primarily focusing on wind and solar energy, and battery storage technologies. The expansion will be funded through a combination of internal resources, debt, and equity. Currently, Hero Future Energies operates renewable energy projects in various countries including India, Ukraine, and Vietnam. With 3.4GW of capacity under construction, the company anticipates commissioning these projects within the next two years. The company's chairman and managing director outlined the conducive environment provided by Karnataka due to its progressive policies, abundant renewable resources, and emphasis on green innovation, making it an ideal location to realize their vision of sustainable energy development.