KKR partners with Crossover Energy on renewable resource projects
- Renewables options service provider Crossover Energy Partners is to manage the development as well as procedure of clean energy projects together with investment firm KKR as part of a new cooperation between the business introduced today (30 June).
Both will certainly concentrate on areas such as the origination of structured power purchase arrangements (PPAs), build-transfer agreements, offtake optimisation, agreement structuring and will certainly likewise seek brand-new possibilities in segments such as EV fleets and hydrogen.
With clients including energies, municipalities and also community option gatherings, Crossover intends to sustain renewable resource efforts as well as decarbonisation goals for big energy individuals. Its group has created more than 10.5 GW of renewables and 11.7 GWh of energy storage space services in the last three years.
Benoit Allehaut, taking care of director on KKR's infrastructure group, said the collaboration will offer the company's financiers included worth from distinctive asset sourcing as well as tailor-maked PPAs.
After acquiring a stake in Acciona in 2014, KKR's development in the renewables market has seen it get a rate of interest in a collaboration with NextEra Energy Partners that has US renewables properties.
Last year, the investor bought a 317MW portfolio of solar projects in India from Shapoorji Pallonji Infrastructure Capital (SP Infra) and after that created Virescent Infrastructure, a system concentrated on the procurement of renewables assets in the country.
