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At Davos, Hero Future Energies and the Uttar Pradesh government sign a Rs 4,000 crore memorandum of understanding

Hero Future Energies presently operates 3 GW of grid-connected wind, solar, and rooftop solar power producing assets across Europe and India. Another 2 GW of projects are planned for the UK, Bangladesh, Vietnam, and India.

New Delhi: On Thursday, Hero Future Energies (HFE) said that it has struck a Memorandum of Understanding (MoU) with the Uttar Pradesh government to invest Rs 4,000 crore in a project including clean technology and renewable energy.

With an additional 2 GW of projects planned for India, Vietnam, Bangladesh, and the UK, Hero Future Energies presently operates a portfolio of 3 GW of grid-connected wind, solar, and rooftop solar power producing assets operating in India and Europe.

On Wednesday, while attending the World Economic Forum meetings in Davos, Switzerland, Manoj Kumar Singh, the UP Government's commissioner for infrastructure and industrial development, and Rahul Munjal, the chairman and managing director of Hero Future Energies, signed the Memorandum of Understanding.

In addition, the official press announcement stated that on Thursday, the group met with senior executives from HCL Technologies, Uniliver, Nestle, Microsoft, and ReNew.

During the delegation's discussion with HCL Technologies' Chief Product Officer Kalyan Kumar, they talked about the company's plan to expand its core product development activities to Lucknow. The business is now working on a project in Lucknow called HCL IT City, which is a SEZ zone that covers more than 100 acres.

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