Hero Future Energies raises Rs 3 billion via climate bonds

Hero Future Energies has through the issue of climate bonds. The proceeds from the bonds would be utilised for setting up 2.5 GW of wind energy capacity in coming years. The bonds were validated by the Climate Bonds Initiative, which is an international organisation that issues certification for conformance with relevant standards for climate bonds. Climate bonds are green bonds which require mandatory independent third-party verification of the additional gain to investors from the climate benefit of the investments.