Kkr Invests In Hero Future Energies In $450 Million Transaction Kkr Invests In Hero Future Energies In $450 Million Transaction
Kkr Invests In Hero Future Energies In $450 Million Transaction Kkr Invests In Hero Future Energies In $450 Million Transaction
09/20/22, 6:06 AM
Location
englandIndustry
solar
renewable energy
energy
KKR, a leading global investment firm, and Hero Future Energies (“HFE” or the “Company”), the renewable energy arm of the Hero Group, today announced the signing of definitive agreements under which KKR and the Hero Group will invest $450 million in the Company. This investment will 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. 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.
Company Info
Location
england, united kingdom
Additional Info
Established in 2012, Hero Future Energies is present across multiple states in India, Bangladesh, Vietnam, Singapore, Ukraine and the UK. The company is an independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial & industrial sectors. The company plans to invest progressively in grid connected solar and wind, rooftop sectors, energy storage and green hydrogen over the next few years in India and internationally.