Hero Future Energies to Invest ₹11,000 Crore in Karnataka for Renewable Energy and Green Hydrogen Projects

Hero Future Energies Private Limited (HFEPL) has inked a Memorandum of Understanding (MoU) with the Government of Karnataka to invest ₹11,000 crore in renewable energy, green hydrogen, and derivative projects over the next 2-3 years.

A Boost for Renewable Energy in Karnataka

The proposed projects, scheduled to commence in 2025-26, are expected to create nearly 3,000 jobs in Karnataka. As part of the agreement, the state government will facilitate the required permissions, approvals, and incentives to ensure the timely execution of these initiatives.

Industries Minister M.B. Patil, speaking at the MoU signing event in London, emphasized the importance of this collaboration, stating:

"This initiative is a key pillar of our preparations for Invest Karnataka 2025, aimed at fostering a competitive and digitally advanced industrial ecosystem."

Part of Karnataka’s Global Investors Meet Preparations

The partnership aligns with Karnataka’s broader efforts to attract investments through its flagship event, Invest Karnataka 2025. By focusing on sustainable industries like renewable energy and green hydrogen, the state aims to position itself as a hub for clean energy innovation and economic growth.

Green Energy Revolution in Karnataka

HFEPL’s investment will contribute significantly to India’s renewable energy and green hydrogen sectors, supporting national goals for clean energy transition and employment generation. This venture is also expected to enhance Karnataka’s reputation as a leader in adopting sustainable industrial practices.