Deals Counterparts

Hero Solar Energy

company 1 Deal 2 Partners

Hero Future Energies, part of the Hero Group, is a leading Indian independent power producer (IPP) focused on developing, building, owning, and operating utility-scale renewable energy projects, primarily solar and wind. The company aims to provide clean and affordable energy solutions, with a growing international presence.

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Founded 2012 Parent: Hero Group
Renewable Energy DeveloperDeveloperOperatorInvestor

Strategic Overview

  • Hero Solar Energy is primarily represented by Hero Future Energies, the renewable energy arm of the Hero Group.
  • The company has a strong focus on utility-scale solar and wind projects, with increasing integration of battery storage solutions.
  • While primarily active in India, Hero Future Energies is actively pursuing international expansion, particularly in Southeast Asia.

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Deal Activity from Public Sources

KKR invests $450 million in Hero Future Energies to support growth and expansion
Financing India September 2022 with KKR
Hero Future Energies secures project financing for 300 MW solar project in Rajasthan
Financing Solar PV India March 2023 300 MW with Power Finance Corporation
Hero Future Energies to develop 1.5 GW hybrid (solar-wind-storage) project in India
Development Solar PV, Onshore Wind, Battery Storage India August 2022 1500 MW

Investment Focus

Technologies
Solar1
Geography
India1

Key People

Rahul Munjal
Chairman & Managing Director
Srivatsan Iyer
Global CEO

Track Record

2,000
MW Total
12
Years Active
Notable projects: Various utility-scale solar and wind projects across India, 1.5 GW hybrid project development in India

Detailed Analysis

Technologies
Solar PVOnshore WindBattery Storage
Sectors
Energy TransitionUtilities
Geographies
IndiaBangladeshVietnamSingaporeAsia Pacific
Deal Stage
GreenfieldOperating

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