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Hero Future Energies, a leading renewable energy company, has announced two significant developments in its portfolio. Firstly, the company has secured a power purchase agreement (PPA) with SJVN to develop a 120 MW firm and dispatchable renewable energy project in India. The project, which will be developed on a build-own-operate basis, will supply power to one of North India’s leading states for the next 25 years.
The project, which can be located anywhere in India, must connect to the interstate transmission system. The company has won the project under SJVN’s tender for supply of 1.2 GW firm and dispatchable power from renewable energy projects with energy storage systems in India at a tariff of INR 4.25/kWh.
In a separate development, Hero Future Energies has signed a memorandum of understanding (MOU) with the Binh Dinh Provincial Department of Finance, Vietnam, to explore the development of a $200 million green hydrogen production project in Binh Dinh province. The MOU was presented at the 2025 Binh Dinh Investment Promotion Conference, where the deputy prime minister of Vietnam, Nguyễn Chí Dũng, was in attendance.
This green hydrogen production project is a significant step towards India’s transition to a low-carbon economy. Green hydrogen can be used as a clean energy source for industries, transportation, and power generation. The project is expected to have a significant impact on the region’s energy landscape and contribute to the country’s efforts to reduce its carbon footprint.