Sumitomo takes 49% stake in Hero Future Energies renewable project company in India

By Public Technologies
  • Sumitomo will invest for a 49% stake in Clean Solar Power (Baniyana), backing Hero Future Energies’ 500 MWp renewables project.
  • Project in Karnataka combines solar and wind with 200 MWh of co-located battery storage, targeting 24/7 renewable supply.
  • Output to be sold mainly to government-owned SJVN under a 25-year power purchase agreement; surplus to be sold on exchanges.
  • Commercial operations are planned for March 2027.


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