Global investment firm KKR has promised Aud 500 million ($ 328.2 million) to work with Australian Renewables Company Cleanpeak Energy and support the growth of the distributed energy platform, aimed at solar energy, battery energy storage and Microgrid’s solution.
US headquarters KKR has announced that the Aud will invest 500 million to support Cleanpeak Energy in growing and developing a pipeline of solar and front-with-meter solar, battery energy storage systems and microgrids for the commercial and industrial (C&I) sector of Australia.
Cleanpeak was founded in 2017 and has established itself as an important player in offering integrated solar and storage systems that are tailor-made for large companies throughout Australia.
Neil Arora, partner and head of the KRKK climate transition strategy for Asia, said that the strategic partnership with cleanpeak will support rapid growth in the capacity of the company, so that demand among C&I customers for solar energy and storage systems will help meet climate goals and reduce costs.
“The C&I energy market of Australia is at a bending point, because companies are looking for bankable paths for better energy efficiency, reliability and affordability,” he said. “By combining the proven surgical platform from Cleanpeak with the worldwide network of KKR, operational expertise and deep experience in our energy and infrastructure teams, we are well positioned to unlock important opportunities for business customers who want to bargain and lower their energy bills.”
Located in Sydney Peak Businesses more than 50 distributed generation sites in Australia, including more than 40 MW of solar energy on the roof, 100 MW sunscreen farms on utility scale and 35 MWh of storage projects for battery energy, as well as Microgrids offer energy and heating and cooler room services. The generation and storage portfolio is supported by a series of long-term sales contracts with C&I and residential customers.
In addition to its operational portfolio, Ceanpeak has another 100 MW solar and 300 MWh of battery projects in the pipeline.
Cleanpeak CEO Philip Graham said that the strong operational foundation of the company offers an excellent springboard for further growth under the financial support of KKR.
“KKR is a perfect strategic partner for us while we try to quickly expand fast solutions for renewable energy for our customers,” he said. “They bring expertise in the field of deep energy transition, financial strength and a partnership method that will enable Cleanpeak to continue to offer network solutions and at the same time accelerate our growth plans by bolt-on acquisitions.”
The new financing deal is less than a month after Cleanpeak has closed a $ 465 million Debt -financing deal So that it can continue with various projects that are expected to achieve financial closure in Fiscal 2026.
The financing is expected to be used by Cleanpeak Energy Renewable Investment Trust (CEPRI), a joint venture between CPERI and Iigno Infrastructure Partners, in support of the continuous development of the CPERI portfolio, including the construction of battery-energy storage systems that must be combined with existing solar storage.
CPERI was founded in 2018 to develop, own and exploit projects with multiple utility renewable energy projects.
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