Hero Future Energies Partners with Karnataka Government for Green Energy and Hydrogen Projects
Key Ideas
  • Hero Future Energies (HFEPL) to invest ₹11,000 crore in renewable energy and green hydrogen projects in Karnataka, creating 3,000 jobs.
  • The partnership aims to start projects in 2025-26, lasting two to three years, and is a part of the state's green energy initiatives.
  • Karnataka government pledges full support with permissions and incentives, showcasing commitment to clean energy solutions and sustainable development.
  • HFEPL, a Hero Group company founded in 2012, collaborates with the Karnataka government as part of the London Roadshows for economic development.
Hero Future Energies (HFEPL) has joined hands with the Karnataka government to work on renewable energy and green hydrogen projects. The partnership involves an investment of ₹11,000 crore, with projects set to commence in 2025-26 and span over two to three years. These initiatives are expected to create around 3,000 job opportunities in Karnataka, contributing to local employment growth. The agreement was formalized during the London Roadshows, where Karnataka Industries Minister M.B. Patil played a key role. HFEPL, a subsidiary of the renowned Hero Group established in 2012 by Rahul Munjal, focuses on providing clean energy solutions. With major investors like IFC and Kohlberg Kravis Roberts (KKR), HFEPL is committed to driving sustainable energy practices. The Karnataka government has assured full support by offering necessary permissions and incentives to ensure the smooth execution of the green projects. This strategic partnership not only bolsters Karnataka's position as a leader in green energy but also underscores its dedication to fostering a sustainable environment. Overall, the collaboration signifies the state's proactive approach towards investing in and promoting clean energy solutions, aligning with global efforts for a greener future.
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