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KKR Invests $450 Mn in India’s Clean Energy Co.

KKR Invests $450 Mn in India’s Clean Energy Co.

New York headquartered KKR & Co. Inc., will make the bulk of the investments in Hero Future Energies along with parent Hero Group that controls India’s largest motorcycle maker Hero MotoCorp, bringing the rest.

With this investment, Hero Future Energies will increase the company’s renewable energy generation capacity across various technologies such as grid-connected solar and wind rooftop sectors, energy storage, and green hydrogen, over the next few years in India and overseas.

Hardik Shah, partner at KKR, said, “Hero Future Energies is a pioneer in India’s renewables sector, and has a strong track record of delivering innovative clean energy solutions to support India’s renewable energy ambitions. Its clean energy solutions play an important role in helping companies de-carbonize as energy demands continue to grow.”

solar panels

Hero Future Energies’ valuation will cross $1 billion with KKR’s investment. In November 2019, Abu Dhabi Future Energy Co. (Masdar) picked up a 20% stake for $150 million, valuing the New Delhi-based company at $750 million. The International Finance Corporation also holds a stake in the company.

Last updated: December 26th, 2025

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