Hero Future Energies (HFE), a renewable energy venture of the Hero group, has announced it emerged as a successful bidder in Kerala State Electricity Board’s tender for the construction of a 10 MW/ 20 MWh grid-connected energy storage plant.
This will be HFE’s first utility-scale battery energy storage system project. HFE will have 15 months from the date of signing of the agreement to commission the project.
HFE’s current portfolio includes 1.6 GW of wind and solar projects in India. The company has a 2024 growth target of 5 GW of installed and operating capacity globally. Alongside traditional solar and wind projects, HFE focuses on delivering renewable energy projects utilizing technologies including battery storage, floating solar and green hydrogen.
“The experience [gained from the 10 MW/ 20 MWh energy storage plant] will enable us to execute similar projects with more states likely to issue storage tenders in the days ahead,” stated the company. “We believe that storage will be integral to the next phase of growth of renewables in India and as such will continue to be a key thrust area for HFE.”
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