KKR has formed a A$500 million ($324 million) strategic partnership with CleanPeak Energy, under which KKR-managed funds will commit to rapidly grow CleanPeak’s distributed energy platform.
CleanPeak is a provider of fully financed, integrated solar‑and‑storage systems for blue‑chip corporates across Australia. The company operates more than 50 distributed generation sites across the country, including more than 140 megawatts of solar assets and 35 megawatt-hours of battery energy storage system projects, and is currently delivering more than $200 million of construction projects in the sector.
KKR’s investment will support CleanPeak in growing and developing a pipeline of distributed solar, battery storage and microgrid solutions for Australia’s commercial and industrial sector (C&I).
“Australia’s C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability,â€
