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

Global investment firm KKR and Hero Group will invest $450 million (around `3,588 crore) in Hero Future Energies, the renewable energy arm of the Indian company, the two sides said on Tuesday.

The investment will position Hero Future Energies (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, the statement said.