KKR Invests $328M in CleanPeak's Aussie Solar Expansion

• KKR invests AUD 500M in CleanPeak Energy, boosting Australia's solar and microgrid expansion with innovative, integrated energy solutions for commercial and industrial sectors.

U.S. private equity firm KKR has committed AUD 500 million (USD 328 million) to Australian renewables developer CleanPeak Energy. This investment will support the expansion of CleanPeak's distributed solar, battery storage, and microgrid platform across Australia. CleanPeak currently operates over 80 MW of assets and has a project pipeline exceeding 2 GW, focusing on commercial and industrial customers with integrated energy solutions.

KKR's investment aligns with its global climate strategy and highlights the growing interest in distributed energy models. Structured through KKR's Asia-Pacific infrastructure platform, the deal will enable CleanPeak to accelerate the deployment of behind-the-meter systems and grid-supporting microgrids, capitalizing on Australia's leading position in distributed solar.

How will KKR's investment impact CleanPeak Energy's expansion in Australia's renewable sector?

• Accelerated Deployment: The investment will enable CleanPeak Energy to rapidly deploy more distributed solar and battery storage systems, enhancing their capacity to meet growing energy demands.
• Expansion of Microgrid Solutions: With increased funding, CleanPeak can expand its microgrid solutions, providing more reliable and resilient energy systems to commercial and industrial customers.
• Increased Project Pipeline: The financial backing will support the development and execution of CleanPeak's extensive project pipeline, potentially increasing their operational capacity beyond the current 80 MW.
• Enhanced Technological Integration: The investment will facilitate the integration of advanced technologies in CleanPeak's energy solutions, improving efficiency and performance.
• Strengthened Market Position: KKR's support will bolster CleanPeak's position in the Australian renewable energy market, allowing it to compete more effectively with other energy providers.
• Job Creation: The expansion efforts supported by the investment are likely to create new jobs in the renewable energy sector, contributing to economic growth.
• Contribution to Australia's Renewable Goals: By expanding its renewable energy assets, CleanPeak will contribute to Australia's national targets for reducing carbon emissions and increasing renewable energy usage.
• Increased Investor Confidence: KKR's investment may attract additional investors to CleanPeak, further supporting its growth and innovation in the renewable energy sector.