Hero Future Energies to Invest Rs 11,000 Crore in Green Hydrogen Projects in Karnataka
Key Ideas
- Hero Future Energies has signed an MoU with the Government of Karnataka to invest Rs 11,000 crore in setting up projects in Renewable Energy, Green Hydrogen, and its derivatives.
- The projects are expected to create nearly 3,000 jobs in Karnataka and will focus on decarbonization efforts beyond the grid into industries like transportation and heavy engineering manufacturing.
- Karnataka's progressive policies, abundant renewable resources, and focus on green innovation make it an ideal environment for Hero Future Energies to lead in the transition towards clean energy solutions.
- The collaboration reinforces Karnataka's position as a preferred investment destination, showcasing the state's commitment to driving green energy solutions and sustainable industrial development.
Hero Future Energies Private Limited (HFEPL) has pledged to invest Rs 11,000 crore in Renewable Energy, Green Hydrogen, and its derivatives in Karnataka as part of a Memorandum of Understanding (MoU) signed with the Government of Karnataka. This investment, spread over two to three years starting in 2025-26, aims to create around 3,000 jobs in the state. HFEPL's leadership emphasized the need for bold steps towards the next generation of energy amidst environmental challenges. Leveraging their expertise in green hydrogen, the company plans to lead India's transition to a significant exporter of clean energy. The signing ceremony, attended by Karnataka's Minister for Large and Medium Industries and Infrastructure Development, marked the state's commitment to facilitating these projects under existing policies. The collaboration not only enhances Karnataka's appeal as an investment destination but also highlights the state's dedication to promoting sustainable industrial development. This initiative aligns with Karnataka's preparations for the Global Investors Meet, signaling a move towards a competitive and digitally advanced industrial ecosystem.
Topics
Projects
Renewable Energy
Sustainability
Investment
Job Creation
Industry Development
Government Collaboration
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