KKR of US, Hero Group put $450 mn into Hero Future Energies

22 Sep 2022 CW Team

Hero Future Energies (HFE), the renewable energy company led by Rahul Munjal, has bagged an investment of $450 million from US-based investment firm KKR and parent Hero Group. According to company executives, this is an equity investment.

In a statement, the two companies said they have signed definitive agreements under which KKR & Co Inc and the Hero Group would invest $450 million in HFE. The companies did not reveal individual amounts put by the two groups.

“This investment will position HFE for continued growth and support its efforts to expand its renewable energy capacity. It would also enhance capabilities across technologies such as solar, wind, battery storage, and green hydrogen, and into new markets over time,” said the statement.

Hero Future Energies (HFE), founded in 2012, is an independent power producer with a portfolio of 1.6 GW of solar and wind projects.

“HFE’s clean energy solutions play an important role in helping companies decarbonise as energy demands continue to grow. We look forward to working closely with HFE’s management team and existing investors, including the Hero Group and International Finance Corporation (IFC). This would help HFE achieve its next phase of growth and contribute to the energy transition efforts in India and globally,” said Hardik Shah, partner at KKR.

In 2019, HFE reorganised its business to expand its portfolio abroad and access cheaper funding.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..