Global investment firm KKR has signed definitive agreements to invest AUD 500 million ($326.4 million) in Australian solar and storage company CleanPeak Energy. This investment will help the Australian firm to accelerate the expansion of its distributed solar, battery storage, and microgrid solutions for the country’s commercial and industrial (C&I) sector.
CleanPeak’s current portfolio comprises over 50 operational distributed generation sites, comprising more than 40 MW of rooftop solar, 100 MW of utility-scale solar assets, and 35 MWh of battery energy storage systems (BESS) projects. It also has another 100 MW of solar and 300 MWh of battery projects in the pipeline.
CleanPeak Chief Executive Philip Graham said that the company will leverage the private equity giant’s energy transition expertise and financial strength to expand its renewable energy portfolio, including through ‘bolt-on’ acquisitions.
“Together, we will deliver reliable, lowercarbon energy for corporate Australia,” stressed Graham.
For KKR, which is making this investment through its Global Climate Transition Strategy, it will strengthen its presence in Australia’s C&I energy market. The deal will be finalized in H2 2025.
“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,” according to Partner and Head of KKR’s Climate Transition Strategy for Asia, Neil Arora.
It follows KKR’s recent investment to acquire a majority stake in Australian independent power producer (IPP) Zenith Energy (see Asia Pacific Solar PV News Snippets: European Energy Bags €70 Million For 137 MW In Australia & More).
Speaking of distributed generation, TaiyangNews will hold a Virtual Conference on Distributed & Smart Solaron July 29, 2025 with focus on residential and commercial & industrial (C&I) sectors. Registrations are free and can be done here.
