Tag Archives: Energies

UAE’s Masdar invests $150 million in Hero Future Energies

New Delhi: In what will rank among the largest deals in the India’s clean energy space, United Arab Emirates’ Masdar (Abu Dhabi Future Energy Company) has acquired around 20% stake in Munjal family-promoted Hero Future Energies Pvt. Ltd for $150 million. Masdar is owned by Abu Dhabi government’s sovereign wealth fund Mubadala Investment Company. Sovereign wealth funds are preferred for their ... Read More »

IFC offers $43.3 mn in debt funding to Hero Future Energies

International Finance Corporation plans to provide debt financing of up to $43.3 million (Rs 300 crore) to Hero Future Energies Global Ltd for the construction of a solar power plant. The money will be used to build a 250-megawatt project at Bhadla in Rajasthan, the World Bank’s private-sector investment said in a disclosure. The total project cost is $200 million. ... Read More »