KKR: Invests $450M in Hero Future Energies


(CercleFinance.com) – KKR and Hero Future Energies (HFE), the renewable energy arm of Hero Group, today announced the signing of definitive agreements under which KKR and Hero Group will invest $450 million in HFE.

This investment will allow HFE to expand renewable energy capabilities and skills. HFE will also seek to support companies in their efforts to decarbonize and transition to sustainable energy sources.

Founded in 2012, Hero Future Energies is an independent power producer in India with a diversified portfolio of 1.6 GW of solar and wind projects in operation.

“HFE’s clean energy solutions play an important role in helping companies decarbonize,” said Hardik Shah, Partner at KKR.

Rahul Munjal, Chairman and CEO of Hero Future Energies, added: ‘Through this investment, Hero Future Energies will work to accelerate India’s energy transition and the goal of generating half of the world’s electricity. countries from non-fossil fuel sources by 2030.’

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