Report
Sumitomo acquires 49% stake in Hero Future Energies project vehicle
The Economic Times reports the venture will develop a 500 MW wind, solar and battery project in Karnataka’s Bidar district.
TLDR
The Economic Times, citing a press release, reports that Sumitomo Corporation acquired a 49% stake in a Hero Future Energies project vehicle for an undisclosed sum. Hero Future Energies will retain 51%. The vehicle will develop a 500 MW project combining wind, solar and battery storage in Karnataka’s Bidar district.
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