Renewable energy company Hero Future Energies (HFE) has secured Rs 1,908 crore in long-term project financing from the State Bank of India and Canara Bank. 

The funds will be utilized for developing solar, wind, and hybrid projects across multiple Indian states.

HFE, part of the Hero Group, currently operates over 1.6 GW of renewable energy assets and has an active pipeline exceeding 3 GW. 

The new funding underlines strong institutional confidence in India’s renewable sector, particularly amid the country’s ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030.

The capital infusion will also support HFE’s expansion into energy storage and green hydrogen initiatives, reflecting a broader shift toward sustainable energy diversification.