Masdar to acquire a minority stake in Hero Future Energies.

Masdar, Abu Dhabi’s renewable energy company, agreed to acquire a minority stake in Hero Future Energies, a subsidiary of Hero Group, a renewable energy provider. Financial terms were not disclosed. “We are delighted that the renewable energy arm of Mubadala has decided to invest in the renewable energy arm of the Hero Group to support HFE’s global expansion plan and our aspiration to be a premier global clean-tech company providing solutions to the enormous challenges posed by climate change,” Rahul Munjal, HFE Chairman and Managing Director.