Hero Future Energies (HFE) on Monday announced that the company has got a USD 150-million strategic investment from Abu Dhabi Future Energy Company (Masdar), for expansion of its portfolio.
This is the second strategic funding in HFE since 2017, following the initial USD 125 million investment made by the International Finance Corporation (IFC), part of the World Bank. HFE, a clean-tech company, said the USD 150-million investment will fund expansion of its renewable energy portfolio, including in selected international geographies, the company said in a statement.
The investment was done by Abu Dhabi Future Energy Company (Masdar), a global leader in renewable energy projects, sustainable real estate and sustainable mobility.
Hero Future Energies said the investment will help facilitate the further expansion of HFE in India and other key growth markets. Read More
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