Stories
Japan's Sumitomo Corporation to Acquire 49% Stake in Hero Future Energies Project SPV
M
Moneycontrol•05-10-2026, 15:28
Japan's Sumitomo Corporation to Acquire 49% Stake in Hero Future Energies Project SPV
- •Japan-based Sumitomo Corporation is set to acquire a 49 per cent stake in a special purpose vehicle of Hero Future Energies for an undisclosed amount.
- •The SPV is developing an approximately 500 MWp wind and solar power plant featuring large-scale battery energy storage in Bidar, Karnataka.
- •Hero Future Energies will retain the remaining 51 per cent majority stake in the project SPV.
- •The partnership aims to combine capital and execution excellence to accelerate India's clean energy transition and ensure a stable power supply.
- •Nomura acted as the exclusive financial advisor to Hero Future Energies for this strategic transaction.
Key Questions Answered
Sumitomo Corporation is acquiring a 49 per cent stake in a special purpose vehicle of Hero Future Energies for an undisclosed amount, while the Hero Group company retains the remaining 51 per cent stake.
The Special Purpose Vehicle is developing an approximately 500 MWp wind and solar power plant that includes a large-scale battery energy storage system located at Bidar, Karnataka.
Nomura acted as the financial advisor to Hero Future Energies in connection with the strategic partnership transaction with Sumitomo Corporation.
