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Hero Group Plans 1 Gigawatt of Indian Renewable-Energy Capacity

Sept. 4 (Bloomberg) -- 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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