On the sidelines of World Economic Forum meetings at Davos, Switzerland, Hero Future Energies and Uttar Pradesh government have signed an MoU to invest Rs 40 billion in a project focused on renewable energy and clean technology.
At present, the company possesses a portfolio comprising 3 GW of grid-connected wind, solar, and rooftop solar power assets in operation across India and Europe. Additionally, there are 2 GW of projects in various stages of development in India, Vietnam, Bangladesh, and the UK.
In September 2023, Hero MotoCorp approved an investment of up to Rs 5.5 billion in rights issue of Ather Energy in the form of E2 compulsory convertible preference shares.
In July 2023, Hero Future Energies announced signing a MoU with REC Limited and PFC Limited to develop green energy projects.
In September 2022, Hero MotoCorp and Hindustan Petroleum Corporation Limited partnered to develop charging infrastructure for electric vehicles in India.
