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KKR and Hero Group to invest $450 million in Hero Future Energies

The investment will set up HFE for long-term expansion and assist initiatives to increase its capacity and technological capabilities for renewable energy

September 21, 2022 11:54 IST | India Infoline News Service

Hero Future Energies (HFE), the Indian company's renewable energy division, will get $450 million in investment from American private equity firm KKR and Hero Group.

Over time, the investment would help HFE's efforts to increase its renewable energy capacity and capabilities across technologies like solar, wind, battery storage, and green hydrogen, as well as position it for further expansion.

As energy demands rise, HFE's sustainable energy solutions are crucial in assisting businesses in their efforts to reduce their carbon footprints. The company is eager to collaborate closely with HFE's management team and current investors, such as the Hero Group and IFC, to assist HFE in reaching its next stage of growth and to support initiatives for the global and Indian energy revolutions.

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