If big brands undercut solar market, we’ll stay with only wind: Hero Future Energies

Confident about the entry of big brands would shape the future of the sector, (HFE) is placing equal bets on wind and solar power. It might also look at hydro power depending on the opportunity, said company’s senior management in an interview with Business Standard.

Big announcements have helped the sector. has expanded its plans; SoftBank has committed large investment. We finally have resources in the sector with major names claiming to invest upwards billion dollars. In the next two years, we (wind and solar industry) are going to pull off 10,000 Mw on the ground,” said Rahul Munjal, managing director, HFE.

witnessed a fast growth by scaling up to a portfolio of 250 Mw in two years. It has a pipeline of around 1,000 Mw of wind power projects across seven states for the coming year.

“In grid connected solar projects, we would like to see how the excitement of these big boys pans out. If they under bid or undercut the market with low prices, then we will stay mostly with wind,” said Munjal.

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