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Sumitomo Corporation will acquire a 49% stake in a special purpose vehicle (SPV) of Hero Future Energies (HFE). The SPV is developing an approximately 500 MWp wind and solar power project with large-scale battery storage in Karnataka.
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.