India

4th largest global renewables market with RE capacity growing at CAGR of ~16% between FY 2016 - 2022
Unwavering Government support through conducive policy framework and host of incentives
Energy demand poised to increase manifold owing to size and rapid rate of urbanization
Several ambitious targets
1. 500 GW of renewable energy capacity by 2030
2. Meeting 50% of electricity needs from renewable sources by 2030
3. Net Zero by 2070
Steadily improving economics ensures a healthy influx of capital
Excellent potential to emerge as a major global hub for Green Hydrogen due to high local demand, favorable economics, and aggressive policy support
Government of India has announced a National Hydrogen Mission and Phase 1 of a National Green hydrogen policy offering multiple incentives, to meet an ambitious target of producing 5 MMT of Green Hydrogen per annum by 2030

HFE currently has operational renewable power assets spread across 7 states
HFE is currently focused on the transitioning of green power into a scalable, dispatchable and firm source
Utility projects geared towards more advanced Peak Power, Round The Clock (RTC) and Wind Solar Hybrid projects integrated with ESS
In July 2022, Hero Future Energies (HFE) emerged as a successful bidder in the tender conducted by Kerala State Electricity Board (KSEB) for construction of a 10 MW/ 20 MWh, grid connected Energy Storage plant
In April 2023, HFE successfully bid for 120 MW (AC) capacity in the SECI Tranche VI reverse auction for 1.2 GW of Wind Solar Hybrid project with energy storage; the project will be connected to the Inter State Transmission Network and provide assured peak power supply.

For further details regarding our utility scale projects please Click Here

Working with large C&I players, helping them navigate their journey to Net Zero
Supporting clients in creating roadmaps to convert Net Zero pledges to plans, along with enabling solutions
Focus on moving beyond traditional RE offerings and becoming an end-to-end energy transition partner through providing advanced round-the-clock, firm power solutions integrated with battery-enabled storage
HFE holds the distinction of executing India’s first Wind Solar hybrid project (87 MW) at Manvi, Karnataka.

To know more about our bouquet of offerings for C&I clients and catch a glimpse of our various projects please Click Here

HFE aims to become a leading provider of Green Hydrogen and its derivatives, to support decarbonization of the hard-to-abate sectors (i.e. applications of fossil fuels which cannot be directly electrified using renewable energy), and long-haul mobility
Strong ecosystem of partners across the green hydrogen value chain, that enables the provision of end to end services
As one of the earliest movers in this space we are already setting up several pilots for our C&I customers.

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