Hero Group Plans 1 Gigawatt of Indian Renewable-Energy Capacity

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 npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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