Hero Future Energies (HFE), the renewable energy arm of the Hero Group, has secured a 120 MW project in the Solar Energy Corporation of India’s (SECI) auction for 1 GW of Firm and Dispatchable Renewable Energy (FDRE) on a round-the-clock basis.
The project has been awarded at a tariff of ₹5.25 per kWh and will be developed through Hero Solar Energy. The project will combine renewable power generation with an energy storage system to provide a more reliable and consistent supply of electricity.
Under the project arrangement, HFE will enter into a 25-year Power Purchase Agreement (PPA) with SECI, with commissioning expected within 24 months of signing the agreement.
SECI launched its FDRE RTC-V tender in March 2026 to procure 1 GW of renewable power from interstate-transmission-connected projects integrated with energy storage systems. The initiative is aimed at increasing the availability of reliable renewable electricity beyond conventional solar and wind generation profiles.
Commenting on the award, HFE said the project reflects its focus on developing renewable energy solutions that combine reliability, affordability and sustainability as India’s electricity requirements continue to grow.
Expanding Renewable Energy Portfolio
Hero Future Energies currently has a global renewable energy portfolio of around 7.2 GWp, along with 2.9 GWh of battery energy storage capacity across India and international markets.
Its portfolio includes solar, wind, hybrid renewable energy, peak-power and FDRE projects, along with emerging technologies such as energy storage and green hydrogen.
The company also provides renewable energy solutions to commercial and industrial customers in sectors including manufacturing, steel, cement, chemicals, refining and transportation.
The latest 120 MW award strengthens Hero Future Energies’ presence in India’s growing firm and dispatchable renewable energy market, where storage-backed projects are increasingly being developed to provide dependable clean power.
