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) 1,000 MW Firm and Dispatchable Renewable Energy – Round-the-Clock (FDRE-RTC) auction at a tariff of ₹5.25/kWh.
The project will be developed through HFE’s subsidiary, Hero Solar Energy, and will be integrated with an energy storage system (ESS) in line with the requirements of SECI’s FDRE-RTC tender. The project will be developed under a Power Purchase Agreement (PPA) with SECI and is expected to be commissioned within 24 months of PPA execution.
SECI launched the auction in March 2026 to procure 1,000 MW of firm and dispatchable renewable power from interstate transmission system (ISTS)-connected renewable energy projects integrated with energy storage systems.
The 120 MW project is designed to supply firm, round-the-clock renewable electricity, combining generation with energy storage to provide a more reliable and dispatchable clean power supply. The project is also expected to support the integration of renewable energy into India’s grid while meeting growing demand for reliable low-carbon electricity.
The latest award builds on HFE’s previous experience of working with SECI and strengthens the company’s presence in India’s emerging FDRE and storage-led renewable energy market.
Srivatsan Iyer, Global CEO of Hero Future Energies, said the project reflects the company’s focus on developing renewable energy solutions that combine reliability, affordability and sustainability while supporting India’s net-zero ambitions.
HFE has been expanding its renewable energy portfolio through investments in hybrid renewable projects, battery energy storage systems (BESS) and green hydrogen. The company currently has a renewable energy portfolio of approximately 7.2 GWp and 2.9 GWh of BESS, with projects spanning solar and wind power.
The company is increasingly focusing on hybrid generation, FDRE projects and storage-based solutions aimed at improving renewable power reliability and grid responsiveness.
