KKR Pledges A$500 Million to CleanPeak Energy for Expansion in the Australian Distributed Energy Market
Global Investment Firm KKR Partners with CleanPeak Energy to Expand Renewable Energy Solutions in Australia
In a significant move towards a greener future, global investment firm KKR has agreed to invest AUD 500 million (approximately USD 329 million) in Australian renewable energy firm CleanPeak Energy. This investment will accelerate the growth of CleanPeak's distributed energy platform focused on the commercial and industrial (C&I) sector in Australia [1][2][3][4][5].
Founded in 2017 by Philip Graham and Jon Hare, CleanPeak Energy currently operates over 50 distributed generation sites across Australia, consisting of over 140 MW of solar capacity (including rooftop and utility-scale solar farms) and 35 MWh of battery energy storage. The company is actively delivering construction projects worth over AUD 200 million, which will add around 100 MW of new solar and 300 MWh of battery storage capacity [1][2][3][5].
KKR’s partnership with CleanPeak aims to leverage the company’s proven platform combined with KKR’s financial strength, global network, and operational expertise to unlock scalable, bankable renewable energy solutions for Australia’s C&I customers. This strategic collaboration targets the evolving Australian energy market where corporates seek affordable and reliable pathways to decarbonization and cost reduction through on-site solar, storage, and integrated microgrid systems [3][4].
Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia, expressed his enthusiasm for the partnership, stating, "We are excited to partner with CleanPeak Energy, a leading player in the Australian renewable energy market. This investment is aligned with our commitment to support the transition to a low-carbon economy and our first Asia-Pacific deal under our Global Climate Transition strategy."
Jon Hare, CleanPeak’s Chief Operating Officer, considered KKR a strategic partner for rapid expansion of renewable energy solutions, stating, "We are thrilled to partner with KKR, a global leader in sustainable infrastructure. Their investment will enable us to accelerate our growth plans, expand our platform, and deliver reliable, lower-carbon energy for corporate Australia."
KKR has committed over US$34 billion to climate and environmental sustainability since 2010 [6]. The transaction is expected to close in the second half of 2025, pending regulatory approvals [1][2][3][4][5].
[1] https://www.cleanpeakenergy.com/ [2] https://www.kkr.com/ [3] https://www.cleanpeakenergy.com/media/ [4] https://www.kkr.com/media-center [5] https://www.businessinsider.com.au/cleanpeak-energy-secures-a500m-investment-from-kkr-to-accelerate-growth-2022-4 [6] https://www.kkr.com/impact/climate/
- The investment by global investment firm KKR into renewable energy firm CleanPeak Energy will help drive growth in the environmental science sector, specifically focusing on the commercial and industrial (C&I) sector in Australia.
- By partnering with CleanPeak Energy, KKR aims to advance scalable, bankable renewable energy solutions in the Australian market, creating affordable and reliable pathways for corporates to decarbonize and reduce costs.
- KKR's investment in CleanPeak Energy is part of the firm's commitment to support the transition to a low-carbon economy, with over US$34 billion invested in climate and environmental sustainability since 2010.
- The partnership between CleanPeak Energy and KKR, a global leader in sustainable infrastructure investing, will enable the expansion of renewable energy solutions and the delivery of lower-carbon energy for corporate Australia.
