In Short : Hero Group plans to add 2.6 GW of renewable energy capacity and integrate Battery Energy Storage Systems (BESS) into projects. This expansion leverages declining battery prices to enhance energy storage and efficiency, supporting sustainable power solutions. In Detail : Hero Future Energies (HFE), the renewable energy unit of Hero Group, plans to […]
UP Govt Hero Group sign MoU worth Rs 4000 cr at Davos – EQ
In Short : The Uttar Pradesh government and the Hero Group sign a Memorandum of Understanding (MoU) worth Rs 4,000 crore at Davos. This collaboration likely involves investments and projects contributing to economic development and sustainable initiatives in the state. In Detail : Davos : Hero Future Energies (HFE), part of business conglomerate Hero Group, […]
HERO FUTURE ENERGIES FIRST USD GREEN BOND FETCHES $3 BILLION ORDERS
Hero Future Energies (HFE), the renewable energy arm of the Hero group, received orders worth $3 billion in its first green bond issuance in the overseas markets. The company, through its subsidiary Clean Renewable Power (Mauritius), received the orders and priced at a coupon rate of 4.25 per cent for a six-year maturity period. The […]
Abu Dhabi’s Masdar seeks to acquire minority stake in Hero Group’s clean energy arm
Masdar Clean Energy, wholly owned by the Abu Dhabi government’s Mubadala Investment Company, is seeking to acquire a minority stake in the Munjal family-led Hero Group’s clean energy arm. Masdar, also known as Abu Dhabi Future Energy Company, plans to subscribe to equity shares in Hero Future Energies Global Ltd (HFE UK) and non-voting compulsorily […]
IFC offers $43.3 mn in debt funding to Hero Future Energies
International Finance Corporation plans to provide debt financing of up to $43.3 million (Rs 300 crore) to Hero Future Energies Global Ltd for the construction of a solar power plant. The money will be used to build a 250-megawatt project at Bhadla in Rajasthan, the World Bank’s private-sector investment said in a disclosure. The total […]
Hero Group’s clean energy arm to invest $200 million in Rajasthan
Total estimated cost of the solar project in Rajasthan is approximately $200 million; IFC to invest upto $43.3 million Hero Future Energies Global (HFE), the clean energy arm of Hero Group, will invest around $200 million in a solar project in Rajasthan. The project will be supported by International Finance Corporation (IFC), which will invest […]