Energy - JULY 22, 2021

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KKR backs Sol Systems’ infrastructure strategy

by Kali Persall

KKR is making a significant minority investment in Sol Systems, a U.S. renewable-energy solutions firm, to help them scale their Impact + Infrastructure approach.

In addition, KKR has pledged to commit up to $1 billion to acquire shovel-ready projects through a strategic partnership with Sol Systems, which will help fund the company’s development of contracted renewable-energy and storage assets in North America.

KKR’s investments will be made via its Global Infrastructure Investors III fund, which closed at $7.4 billion in 2018.

“In KKR, we have found an aligned organization and team that was excited to do this work with us, and is committed to accelerating and supporting our approach to investing in sustainable infrastructure with community impact,” said Yuri Horwitz, co-founder and CEO of Sol Systems. “Looking ahead, we plan to dramatically scale the work we’re doing with our partners as we all transition to a more sustainable, resilient and equit

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