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Sumitomo, a Japanese trading company, has invested in a utility-scale renewable energy park in India that combines solar photovoltaic, wind and energy storage, according to pv-tech. The project is being developed by Hero Future Energies, an Indian independent power producer, and will pair 500MW of solar PV and wind power with a co-located 200MWh battery energy storage system.
The hybrid project is described as being at an advanced stage and will be situated in the south-western Indian state of Karnataka. It is intended to supply round-the-clock electricity primarily to SJVN Limited, a government-owned utility, under a 25-year power purchase agreement. Electricity generated beyond that commitment will be sold on the power exchange market, the Japanese trading company said.
Under the investment, Sumitomo will take a 49% stake in Clean Solar Power (Baniyana), the company carrying out the hybrid renewable energy project. The remaining ownership will sit with a subsidiary of Hero Future Energies.
The commercial operation date for the project is planned for March 2027.
Jun Minase, general manager of the overseas energy solution strategic business unit at Sumitomo Corporation, commented that the company is pleased to work with Hero Future Energies and sees significant potential in the developer’s clearly defined growth ambitions, especially as renewable energy’s share of India’s energy mix continues to expand rapidly. He added that the partnership will strengthen Sumitomo’s renewable energy business platform in India while pursuing new opportunities that support a stable supply of renewable energy.
Interactive table based on the Store Companies dataset for this report.
Report Scope and Analytical Framing
Concise View of Market Direction
Market Size, Growth and Scenario Framing
Commercial and Technical Scope
How the Market Splits Into Decision-Relevant Buckets
Where Demand Comes From and How It Behaves
Supply Footprint and Value Capture
Trade Flows and External Dependence
Price Formation and Revenue Logic
Who Wins and Why
How the Domestic Market Works
Commercial Entry and Scaling Priorities
Where the Best Expansion Logic Sits
Leading Players and Strategic Archetypes
How the Report Was Built
Major integrated solar manufacturer
India's largest solar module manufacturer
Part of Adani Group, integrated manufacturing
Leading manufacturer, part of Tata Group
Major PV module and cell producer
Historical leader in solar manufacturing
Makes solar cells, modules, encapsulants
Module and cell manufacturer
Solar PV module manufacturer
Solar panel manufacturer and distributor
Manufactures solar modules and inverters
Solar panel manufacturer
Solar panel manufacturer
Solar panel manufacturer
Solar cell and module manufacturer
Major LED lighting products manufacturer
Leading electrical goods co, major LED player
Major manufacturer of LED lights and fixtures
Major player in LED lighting segment
LED lighting manufacturer
Manufactures LED displays and lighting
Indian subsidiary, major LED mfg in India
Manufactures LED lights and fixtures
Major Indian electrical brand, produces LEDs
LED lighting products manufacturer
Manufactures LED bulbs and lighting
Major player in consumer LED lighting
Leading LED lighting solutions provider
Manufactures LED lights under Finolex brand
Wires & cables major, also manufactures LEDs
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