Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, and KKR, a global investment firm, have agreed to establish CarbonCount Holdings 1 (CCH1) and invest up to a combined $2 billion in climate-positive projects across the United States.
At close, CCH1 will be seeded with assets representing approximately 10 percent of the up to $2 billion total committed amounts.
HASI and KKR each have made an initial capital commitment of up to $1 billion to CCH1 in clean energy assets during the next 18 months. HASI will source the investments and manage CCH1, remain the interface with its clients and measure the avoided emissions of all investments in CCH1 using its proprietary CarbonCount scoring tool. These investments will be consistent with HASI’s existing investment strategy, which is focused on behind-the-meter, grid-connected renewable natural gas and transport projects.
According to BloombergNEF, KKR is the 10th-largest owner