Hero Group, the parent of India’s biggest motorcycle maker, plans to build 1,000 megawatts of renewable energy capacity by 2017.
Its new unit, Hero Future Energies, completed its first 37.5-megawatt wind farm in Rajasthan state and has won a license to build a 10-megawatt solar photovoltaic plant in Karnataka, Hero Future Managing Director Rahul Munjal said in an e-mailed statement today.
The company expects to develop 100 megawatts of wind and solar projects this year, according to the statement.
To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com