Hero Future Energies Pvt. Ltd. (HFE), through its special purpose vehicle Clean Solar Power Barmer, has secured Rs 1,024 crore in funding from the State Bank of India for its upcoming 60 MW Hybrid Peak Power Project.

The project, located in Kurnool district of Andhra Pradesh, will integrate solar, wind, and storage systems and is contracted with Solar Energy Corporation of India (SECI). The financing, with a repayment schedule of 21 years, ensures timely completion of the project and strengthens HFE’s hybrid energy portfolio.

The company said the investment reflects lenders’ confidence in HFE’s expertise in renewable energy development and its ability to deliver sustainable, innovative power solutions.