Hero Future Energies secures ₹1,908 crore funding from SBI, Canara Bank for 120 MW Kurnool hybrid project

Core Insights - Hero Future Energies has secured funding of Rs 1,908 crore from State Bank of India and Canara Bank for a renewable hybrid project [1][2] - The project will have a capacity of 120 MW and is located in Kurnool, Andhra Pradesh [1] - The funding will be utilized for the development and construction of the project, which integrates wind, solar, and storage technologies [2] Financial Details - The funding has a repayment period of 21 years, ensuring timely project execution and commencement of commercial operations [2] - The financing is facilitated through the Special Purpose Vehicle (SPV) Clean Renewable Energy Hybrid Three Private Limited [1] Project Specifications - The project is contracted with SJVN and aims to deliver reliable peak power [2] - The integration of multiple technologies is expected to enhance the reliability of power supply [2]