KKR, Hero Group to invest $450 mn in Hero Future Energies
Global investment firm KKR and Hero Group will invest USD 450 million (around Rs 3,588 crore) in Hero Future Energies, a statement said on Tuesday.
Hero Future Energies is the renewable energy arm of the Hero Group.
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.
Through its range of solutions, HFE will also look to support companies in their efforts to decarbonize and transition towards sustainable energy sources to achieve their net zero emission goals.
