Hero Future Energies Private Limited has secured a Rs 19.08 billion loan from the State Bank of India and Canara Bank for its 120 MW renewable hybrid project at Kurnool, Andhra Pradesh. The project will be awarded by SJVN Limited and will integrate wind, solar, and battery storage technologies to deliver reliable peak power. The loan has been raised through the company’s special purpose vehicle, Clean Renewable Energy Hybrid Three Private Limited, and carries a repayment tenure of 21 years.
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