Market News

KKR (NYSE:KKR) Backs Hero Group’s Renewable Energy Push

Global investment giant KKR & Co (NYSE:KKR) along with India’s Hero Group is investing $450 million in the latter’s renewable energy arm, Hero Future Energies (HFE).

The move will help HFE boost its renewable energy capacity and abilities across solar, wind, and battery storage as well as green hydrogen. The company already has a 1.6 GW portfolio of solar and wind projects.

The investment by KKR will also help in the energy transition goals in India. The country is aiming to lower carbon emissions by 1 billion tons by 2030 and reach net zero emissions by 2070.

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