{"id":74487,"date":"2024-06-17T01:41:04","date_gmt":"2024-06-17T01:41:04","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/17\/hero-future-energies-to-invest-2-billion-times-of-india\/"},"modified":"2024-06-17T01:41:04","modified_gmt":"2024-06-17T01:41:04","slug":"hero-future-energies-to-invest-2-billion-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/17\/hero-future-energies-to-invest-2-billion-times-of-india\/","title":{"rendered":"Hero Future Energies to invest $2 billion &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"400\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/photo\/msid-111046441,imgsize-42280.cms?fit=580,400&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Hero Future Energies to invest  billion &#8211; Times of India\" title=\"Hero Future Energies to invest  billion &#8211; Times of India\" \/><\/div>\n<div>New Delhi: <!-- -->Hero Future Energies<!-- -->, the <!-- -->renewable energy<!-- --> arm of the Munjal family-promoted Hero group, will invest upwards of $2 billion over the next 30 months to ramp up its <!-- -->generation capacity<!-- -->. It will focus on projects with energy storage to leverage a sharp fall in battery prices, company&#8217;s global CEO Srivatsan Iyer told TOI.<br \/>&#8220;Currently we have an operating capacity of 1.8 gigawatts (GW).<!-- -->We reached here in about 12 years. We will implement projects with a total capacity of 2.6 GW in the next two-and-a-half years as we feel the time has come for the company to spread its wings,&#8221; Iyer said.<br \/>A good part of the projects in the pipeline include battery energy storage systems and were won in auctions conducted by SECI (formerly Solar Energy Corporation of India), the state-run agency tasked with implementing the National Solar mission.&#8221;We want to focus on integrating multiple technologies such as solar, wind and energy storage, instead of pure-play solar or wind projects,&#8221; he said, adding the company is also planning green hydrogen foray.<br \/>The stress on energy storage system for peak power or round-the-clock supply is understandable since prices of a standard 20-feet lithium-ion battery pack have more than halved from $270 per kilowatt hour in 2022 to $130 at present. Iyer is hopeful of a further drop in prices, especially as new technologies such as sodium-ion and aluminium-air emerge. &#8220;The question is how much more,&#8221; he said.<br \/>The company is in a &#8220;comfortable&#8221; position to fund these projects and has no immediate plans to raise money, Iyer said, adding, &#8220;We can raise funding if and when we need.&#8221; KKR had, through its Asia-Pacific infrastructure fund invested $450 million in September 2022.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/hero-future-energies-to-invest-2-billion\/articleshow\/111046407.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Hero Future Energies, the renewable energy arm of the Munjal family-promoted Hero group, will invest upwards of $2 billion over the next 30 months to ramp up its generation capacity. It will focus on projects with energy storage to leverage a sharp fall in battery prices, company&#8217;s global CEO Srivatsan Iyer told TOI.&#8220;Currently [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":74488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-111046441,imgsize-42280.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1289,289,26792,5432,739,68017,5453,67894,273,4363,382,3742,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/74487"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=74487"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/74487\/revisions"}],"predecessor-version":[{"id":74489,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/74487\/revisions\/74489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/74488"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=74487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=74487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=74487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}