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Hero Future Energies: Planet.Positive.Power

Hero Future Energies: Planet.Positive.Power

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Sunil Jain,CEOIn January 2016, Hero Future Energies (HFE),one of the leading Independent Power Producers of the country was assigned with a challenging task to install rooftop solar panels for National Institute of Solar Energy, which is the headquarters of Indian Solar Alliance. Given thespecifications and designs of the roof top, the project seemed to be arduous as the building had an elliptical roof and the modules needed to be installed along the edge of the structure, which was protruding from the building. The company leveraged their skilled resource &engineering abilities by creating an effective design and installed the panels in order to optimize generation. Also, looking at the underlying factors such as the height of the building and the wind speed, the clamps were designed to hold the modules in place. Though the time frame of the project was estimated to be completed in30 days, HFE on the other hand with their extreme dedication and commitment executed the project within 20 days. This is one of the many success stories in rooftop solar for Hero Future Energies.

Established in December 2012, HFE visions to drive India’s development by leading a change in generating energy using renewable resources such as wind, sun, hydro & others. The company endeavors to provide scalable,sustainable & cost-effective clean power thereby reducing carbon emissions for a 'Greener Planet' to the future generations.

Leading to a Cleaner and More Secure Energy Future
The inception story of Hero Future Energies, a family promoted company of Hero Group, one of the largest conglomerates has evolved during the early years of the country’s renewable energy revolution. In retrospection, foreseeing the growth in the solar industry, many companies had just begun to take shape and numerous independent power Producers were entering the market along with
government’s support for multi-GW installations. This triggered Hero Group to enter into the renewable energy sector. Thus, Hero Future Energies was born as a subsidiary. Harnessing the growth, the company later forayed into the wind & solar energy segments by setting up technologically advanced systems and executed challenging projects throughout.

HFE is poised to integrate renewable energy in the total energy mix of the country, by identifying the best solutions and install systems benchmarked against in the best-in-class engineering standards

Sunil Jain, CEO, Hero Future Energies, speaks, “At Hero Future Energies we are driven by planetary needs, guided by positivity and are entirely focused on energy. Our main idea behind this initiative was for the generation and distribution of renewable energies. Through our platform, we try to bring in a change in the energy mix of the country, by increasing the share of renewable.”

Driven by the growing potential of the Indian renewable energy market, HFE has carved a niche in the space. The company has poised to integrate renewable energy by identifying the best solutions and install systems bench marked against the best-in-class engineering standards. Focused to deliver futuristic and clean energy, HFE implements wind, solar (Grid Connected) & rooftop solar projects. In a span of five years, the company has excelled in installing renewable energy capacity of ~1200 MW till date and has an advanced pipeline of ~1100 MW.

“We have installed projects in all the three segments in more than 10 major states based on high quality operating asset across the wind, solar PV, rooftop plants & storage. Currently, we are looking to develop - wind-solar hybrid projects and energy storage systems with solar power plants, primarily using lithium-ion technology, which is one of the most cost-effective in the present context,” mentions Jain.

HFE also enables the customers with rooftop solar plant via online tracking. Through technology-enabled solution,
they give a clear advantage on rooftop solar plant performance, with an objective of better monitoring and timely maintenance from the data analytics insights gathered.

An Edge over Competitors
'Make good partnerships and make the partnerships succeed'- fortifying this as the success mantra, HFE is amongst the very few Indian companies with Significant Strategic Sponsorship (SSS). With their strategies& brand legacy, HFE understands the project requirement much better than any other competitors in the market. The company has expanded its portfolio through organic growth by deploying renewable energy systems & inorganic growth by acquiring operational assets.

Headquartered in New Delhi, with a team of 200 professionals, HFE has clientele across Govt., Industrial & Commercial, and Educational & Religious Institutes. Having received a funding of US$125 million from IFC and being promoted by the family group, the company strives to build a robust portfolio of 3.5 GW by 2020. Elaborating on the future roadmap, Sunil concludes, “Our mission is to be a leading power generator of GW scale and consistently deploy best green technologies. Furthermore, we are planning to expand in emerging markets of Southeast Asia, Middle East & Africa.”

Key Management:
Sunil Jain, CEO, Hero Future Energies
A mechanical engineering graduate from Birla Institute of Technology, Ranchi, Jain is happy with his bold decision to join the renewable energy sector without having any industry knowledge or background. It was a steep learning curve in the initial period, but he didn’t take long to understand the nuances of the business. When Hero Future Energies approached him in 2012, it was one of the few, perhaps the only, corporate house (barring Tata) to back a renewable power IPP. It was, he says, probably the only renewable energy IPP that built an entire platform with only family capital and no private equity.

Key Differentiators:
• Group Legacy
• Experienced Team
• Innovative Financing Solutions
• Indian Company
• Effective Asset Management
• Customized Solutions
• Strong Self Development Capabilities
• Resilient Brand