US private equity giant KKR announced a $500 million investment in Australian renewable energy company CleanPeak Energy to support its development of "before-and-after-the-meter" solar, battery energy storage, and microgrid projects in the Australian commercial and industrial (C&I) sector.
Founded in 2017, CleanPeak specializes in providing customized integrated solar and energy storage solutions to large corporate clients and has grown into a key player in this sector in Australia.
Neil Arora, Partner and Head of KKR's Asia Climate Transition Strategy, stated that this strategic partnership will enable CleanPeak to rapidly expand its production capacity and meet growing demand from C&I clients for localized solar and energy storage systems to achieve carbon neutrality goals and reduce energy costs.
Sydney-based CleanPeak currently operates over 50 distributed generation projects across Australia, including over 40 MW of rooftop solar, 100 MW of utility-scale ground-mounted solar, 35 MWh of battery storage, and microgrid systems that provide energy, cooling, and heating services to over 1 million square meters of building space. The company has also built a stable revenue base through long-term power sales contracts with commercial, industrial, and residential customers.
In addition to its existing operating assets, CleanPeak has approximately 100 MW of solar and 300 MWh of battery projects in its development pipeline.
CleanPeak co-founder and CEO Philip Graham stated that KKR's capital and expertise provide the company with a strong springboard for further expansion.
This financing comes less than a month after CleanPeak completed a $465 million debt refinancing, which will provide funding for several projects expected to reach financial close in fiscal 2026.
The funds will be allocated by CleanPeak Energy Renewable Investment Trust (CEPRI), a joint venture between CleanPeak and Igneo Infrastructure Partners, primarily for the continued development of CPERI's project portfolio, including the addition of battery energy storage systems to existing solar projects.
CPERI, established in 2018, develops, owns, and operates a diversified portfolio of utility-scale renewable energy projects.
US private equity giant KKR announced a $500 million investment in Australian renewable energy company CleanPeak Energy to support its development of "before-and-after-the-meter" solar, battery energy storage, and microgrid projects in the Australian commercial and industrial (C&I) sector.
Founded in 2017, CleanPeak specializes in providing customized integrated solar and energy storage solutions to large corporate clients and has grown into a key player in this sector in Australia.
Neil Arora, Partner and Head of KKR's Asia Climate Transition Strategy, stated that this strategic partnership will enable CleanPeak to rapidly expand its production capacity and meet growing demand from C&I clients for localized solar and energy storage systems to achieve carbon neutrality goals and reduce energy costs.
Sydney-based CleanPeak currently operates over 50 distributed generation projects across Australia, including over 40 MW of rooftop solar, 100 MW of utility-scale ground-mounted solar, 35 MWh of battery storage, and microgrid systems that provide energy, cooling, and heating services to over 1 million square meters of building space. The company has also built a stable revenue base through long-term power sales contracts with commercial, industrial, and residential customers.
In addition to its existing operating assets, CleanPeak has approximately 100 MW of solar and 300 MWh of battery projects in its development pipeline.
CleanPeak co-founder and CEO Philip Graham stated that KKR's capital and expertise provide the company with a strong springboard for further expansion.
This financing comes less than a month after CleanPeak completed a $465 million debt refinancing, which will provide funding for several projects expected to reach financial close in fiscal 2026.
The funds will be allocated by CleanPeak Energy Renewable Investment Trust (CEPRI), a joint venture between CleanPeak and Igneo Infrastructure Partners, primarily for the continued development of CPERI's project portfolio, including the addition of battery energy storage systems to existing solar projects.
CPERI, established in 2018, develops, owns, and operates a diversified portfolio of utility-scale renewable energy projects.
