Hero Future Energies Signs ₹30,000-Crore Agreement with Andhra Pradesh for 4 GW Renewable Projects

Hero Future Energies has entered into an agreement with the Andhra Pradesh government to develop 4 GW of renewable energy projects across three districts in the state. 

The initiative, worth ₹30,000 crore, is expected to support job creation and strengthen the region’s clean energy ecosystem. The partnership was formalised during the AP Government–CII Partnership Summit in Visakhapatnam.

Agreement Outlines 4 GW of Renewable Capacity

Hero Future Energies (HFE) has signed a memorandum of understanding with Andhra Pradesh to develop renewable power projects totalling 4 GW.

These installations will be spread across Ananthapuramu, Kurnool and Kadapa districts. 

According to the company, the initiative reinforces the state’s position as an active hub for renewable energy development.

Investment Plan and Job Creation

HFE said the projects will be executed in two phases and are expected to generate more than 15,000 direct and indirect employment opportunities. The company will invest an additional ₹15,000 crore, taking the total planned investment for the current set of projects to ₹30,000 crore.

HFE’s Existing Global Portfolio

Hero Future Energies currently manages a global renewable portfolio of 7.2 GWp across markets including India, Ukraine, Vietnam and the UK.

 Its assets include operating projects as well as those under development, supplemented by 2.3 GWh of battery energy storage capacity.

Read More: Borosil Renewables Reports Strong Q2; Profit Surges 3.5 Times, Revenue Climbs 42.5%.

Conclusion

The agreement between HFE and the Andhra Pradesh government marks a significant addition to the state’s renewable expansion pipeline. The planned investments, phased project development and related industrial activity are expected to contribute to the region’s energy transition.

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