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Hero Future to invest USD 20 billion, targeting 30 GW capacity by 2030

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Hero Group’s power unit, Hero Future Energies, plans to invest USD 20 billion over the next six years to expand its capacity nearly 16-fold. The investment will focus on wind, solar, and battery storage technologies, funded through a mix of internal resources, debt, and equity.

With 3.4 GW of capacity under construction, set to be completed within two years, Hero Future Energies aims to increase its current 1.9 GW capacity to 30 GW by 2030. Backed by global investors like KKR and IFC, the company has renewable energy projects in India, Ukraine, and Vietnam. 

Similarly, Tata Power announced an investment worth USD nine billion to quadruple its renewable capacity, with similar commitments from Reliance Industries and Adani Green Energy at the renewable energy conference RE-Invest, held in Gujarat.

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