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KKR Forms A$500 Million Strategic Partnership with CleanPeak Energy to Launch New Distributed Energy Platform

Transaction marks Global Climate Transition strategy鈥檚 first investment in Asia-Pacific

SYDNEY--(BUSINESS WIRE)-- Global investment firm KKR today announced the signing of definitive agreements under which funds managed by KKR will commit A$500 million to strategically partner with CleanPeak Energy (鈥淐leanPeak鈥�) to rapidly grow its distributed energy platform. KKR鈥檚 investment will support CleanPeak in growing and developing a pipeline of distributed solar, battery storage and micro鈥慻rid solutions for Australia鈥檚 commercial and industrial (鈥淐&I鈥�) sector.

Co-founded by Philip Graham and Jon Hare in 2017, CleanPeak is a leading provider of fully financed, integrated solar鈥慳nd鈥憇torage systems for blue鈥慶hip corporates across Australia. The company operates over 50 distributed generation sites across Australia including over 140MW of Solar Assets and 35MWH of Battery Energy Storage System (鈥淏ESS鈥�) projects, and is currently delivering over $200m of construction projects in the sector.

鈥淎ustralia鈥檚 C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability,鈥� said Neil Arora, Partner and Head of KKR鈥檚 Climate Transition strategy for Asia. 鈥淏y combining CleanPeak鈥檚 proven operating platform with KKR鈥檚 global network, operational expertise, and deep experience across our energy and infrastructure teams, we are well positioned to unlock significant opportunities for corporate customers looking to decarbonise and reduce their energy bills.鈥�

CleanPeak Chief Executive Philip Graham welcomed the strategic partnership, 鈥淜KR is a perfect strategic partner for us as we seek to rapidly expand renewable energy solutions for our customers. They bring deep energy transition expertise, financial strength and a partnership mindset that will allow CleanPeak to continue to offer net zero solutions at the same time as accelerating our growth plans through bolt鈥憃n acquisitions. Together, we will deliver reliable, lower鈥慶arbon energy for corporate Australia.鈥�

鈥淐leanPeak鈥檚 distributed energy approach reduces network costs which make up a significant portion of the all-in cost of retail electricity and results in more competitive power prices for our customers,鈥� said Jon Hare, CleanPeak鈥檚 Chief Operating Officer.

KKR is making this investment from its Global Climate Transition strategy. This investment marks the strategy鈥檚 first in Asia-Pacific and its sixth transaction globally, underscoring KKR鈥檚 conviction in the energy鈥憈ransition opportunity set. Since 2010, KKR has committed more than US$34 billion in climate and environmental sustainability investments. Past investments have included 窜别苍辞产脓, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform.

The transaction is expected to close in H2 2025, subject to customary regulatory approvals.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR鈥檚 insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR鈥檚 investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR鈥檚 website at . For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group鈥檚 website at .

About CleanPeak

CleanPeak is a specialist renewable energy company in Australia empowering large industrial & commercial businesses to reduce their carbon emissions & transition to net zero. CleanPeak specialises in designing, building, owning and operating renewable energy assets, and associated infrastructure. By integrating state-of-the-art solar, battery and thermal energy assets, CleanPeak delivers energy solutions that are affordable, reliable and sustainable. CleanPeak's operating portfolio consists of over 40 MW of rooftop solar, 100 MW of utility solar projects and 35 MWh of battery projects, as well as microgrids providing energy and thermal services for more than 1,000,000 square meters of floorspace. CleanPeak has a further 100 MW of solar and 300 MWh of battery projects in the pipeline.

CleanPeak鈥檚 internal EPC capability drives superior design and delivery outcomes, tailored to the needs of individual clients. Our asset management capabilities are underpinned by proprietary IT systems that optimise performance, efficiency, and resilience. With its own retail electricity license, CleanPeak is uniquely positioned to supply power directly to end-users, offering flexible, customer-first retail solutions that minimise cost and carbon footprint. Whether it is powering large commercial precincts or integrating behind-the-meter solutions, CleanPeak connects the dots from project design through to renewable generation and distribution.

For additional information about CleanPeak, please visit .听

View source version on businesswire.com:

Media Contacts

For KKR:

Wei Jun Ong

+ 65 6922 5813

[email protected]



James Strong

+61 (0)448 881 174

[email protected]



For CleanPeak:

Stephanie Graham

+61 425 393 616

[email protected]

Source: KKR