Sumitomo Corp to acquire 49% stake in HFE project SPV
Sumitomo Corporation will acquire a 49% stake in a special purpose vehicle of Hero Future Energies (HFE). The SPV is developing an approximately 500 MWp renewable energy project. The financial terms of the acquisition were not disclosed.
Japanese investment company Sumitomo Corporation will acquire a 49 per cent stake in a special purpose vehicle of domestic renewable-energy player Hero Future Energies for an undisclosed amount. The Hero Future Energies special purpose vehicle is developing a project of approximately 500 MWp wind power capacity.