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    Renewable energy firm Hero Future Energies wins $450m investment


    September 20, 2022 - dpa

     

      Washington — Indian renewable energy firm Hero Future Energies (HFE) has won a major investment worth $450 million.

      New York-headquartered KKR, a global investment firm, and the renewable energy arm of the Hero Group, announced the signing on Tuesday of definitive agreements under which KKR and the Hero Group will invest the sum in the company.

      This investment is intended to position HFE for continued growth and support its efforts to expand its renewable energy capacity and capabilities across technologies such as solar, wind, battery storage, and green hydrogen, and into new markets over time.

      Hardik Shah, Partner at KKR, said, "Hero Future Energies is a pioneer in India's renewables sector, and has a strong track record of delivering innovative clean energy solutions to support India's renewable energy ambitions.

      "HFE's clean energy solutions play an important role in helping companies decarbonize as energy demands continue to grow."

      ©2022 dpa GmbH. Distributed by Tribune Content Agency, LLC.

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