KKR commits $500m to Australian renewables company CleanPeak
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The news: Global investment firm KKR has agreed to commit $500 million to strategically partner with Australian renewables company CleanPeak Energy and support the growth of its distributed energy platform.
The numbers: Founded in 2017, CleanPeak is a provider of fully financed, integrated solar‑and‑storage systems for blue‑chip corporates across Australia.
The company operates over 50 distributed generation sites across the nation, including over 140 megawatts of solar assets and 35 megawatt hours of Battery Energy Storage System projects. It is currently delivering over $200 million of construction projects in the sector.
The context: KKR’s investment aims to support CleanPeak in growing and developing a pipeline of distributed solar, battery storage and micro‑grid solutions for Australia’s commercial and industrial sector.
The commitment, which is expected to close in the second half of 2025, marks the sixth investment in KKR's global climate transition strategy and the first in Asia Pacific.
What they said: “Australia’s C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability,” said Neil Arora, partner and head of KKR’s climate transition strategy for Asia.
“By combining CleanPeak’s proven operating platform with KKR’s 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.”
CleanPeak CEO Philip Graham commented: “KKR 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‑on acquisitions," he said.
The source: KKR media release
