Core Insights - Hero Future Energies (HFE) has secured funding of ₹190.80 crore from State Bank of India and Canara Bank for its renewable energy hybrid project [1][2] - The funding will support the development of a 120 MW hybrid project in Kurnool, Andhra Pradesh, which integrates wind, solar, and storage technologies [1][2] - The project has a repayment period of 21 years, indicating strong confidence from lenders in HFE's capabilities [2][4] Funding Details - The funding is provided through HFE's special purpose vehicle (SPV), Clean Renewable Energy Hybrid Three [1] - Last month, HFE also secured ₹102.40 crore from State Bank of India for a 60 MW Hybrid Peak Power Project, also located in Kurnool [3] - Both projects reflect the lending community's confidence in HFE's expertise in developing complex hybrid renewable projects [2][4] Project Specifications - The 120 MW project is contracted with SJVN and aims to deliver reliable peak power [2] - The 60 MW project combines solar, wind, and storage technologies and is contracted with SECI [3] - Timely project execution and commencement of commercial operations are emphasized as key outcomes of the funding [2][4]