SEOUL, South Korea : KKR, a leading global investment firm, today announced that KKR has acquired from South Korean energy company SK E&S (the “Company”) KRW2.4 trillion (approximately US$2 billion) worth of SK E&S’ newly issued redeemable convertible preferred shares. The investment will provide KKR with an opportunity to receive cash or in-kind redemption as […]
Clearway Energy Gains on $1.9-Billion Sale of Thermal Unit to KKR
Clearway Energy stock (NYSE:CWENa) rose 2.6% on Monday as the company sold the thermal business housed under a subsidiary to KKR (NYSE:KKR) for $1.9 billion. The subsidiary, Clearway Energy Operating, expects total net cash proceeds of approximately $1.3 billion under the deal. The thermal Business, commercially known as Clearway Community Energy, comprises infrastructure assets that […]
KKR-Sponsored Virescent Infrastructure Raises INR4.6 bn in India’s First Renewable Energy InvIT from AIMCo and other investors – EQ Mag Pro
MUMBAI : Virescent Infrastructure (“Virescent”), a leading Indian renewable energy platform sponsored by global investment firm KKR, has set up India’s first renewable energy infrastructure investment trust (“InvIT”), Virescent Renewable Energy Trust (“VRET”). VRET has raised INR4.6 billion (US$62 million) from a group of foreign and domestic investors. Leading the transaction, on behalf of its […]
KKR to Invest More in Philippine Energy Sector – EQ Mag Pro
MANILA, Philippines : Global investment firm KKR & Co. Inc. is looking to pour in substantial investments into the Philippine energy sector as it moves to develop more clean energy sources. KKR, listed in the New York Stock Exchange, sees strong investment opportunities in the Philippine market as it undergoes an energy transition, KKR’s Asia […]
KKR-Backed Virescent Files Papers For InvIT to List Its Indian Solar Assets
Virescent Infrastructure, a renewable energy platform backed by global asset manager KKR & Co, is looking to raise Rs 425 crore for its solar power assets in India. To do so, it has filed a draft placement memorandum with the securities regulator to list its infrastructure investment trust or InvIT — Virescent Renewable Energy Trust. […]
KKR And Ontario Teachers’ Boost Takeover Offer For Australian Energy Firm
Spark Infrastructure Group advanced to a four-year high after Ontario Teachers’ Pension Plan Board and KKR & Co. made an improved takeover offer that values the company at about A$5.2 billion ($3.8 billion). Sydney-based Spark, which owns stakes in electricity transmission and distribution networks in Australia and is developing plans for a massive renewable energy […]
Race For Mytrah’s Renewable Energy Assets: Adani Group, ReNew Power, KKR, CPPIB, Ayana
Mytrah Energy’s assets are spread across 17 wind farms and 21 ground monitored solar farms in 9 states. According to its website, the firm has the largest wind data bank in India, being the only independent power producer having a pan India presence of over 240 wind masts Weeks after the acquisition of Softbank Energy […]
KKR Partners With Crossover Energy to Develop Clean Energy Projects
Buyout firm KKR & Co Inc said on Tuesday it would exclusively partner with renewable energy consultant Crossover Energy Partners to develop solar and wind power projects and energy storage systems in North America. Private equity firms are making a new investment push into clean energy after President Joe Biden’s administration recommitted the United States […]
KKR-Backed Renewables Platform Buys 76 MW of Solar Portfolio From Singapore Firm Sindicatum
Virescent Infrastructure, a renewable energy platform backed by global asset manager KKR & Co, has acquired the 76 megawatt (MW) India solar asset portfolio of Singapore-based Sindicatum Renewable Energy Company Pte Ltd. VCCircle was the first report to last month that KKR was looking to buy the assets spread across Gujarat, Rajasthan and Madhya Pradesh. […]
KKR to Buy Stake in Sempra Infrastructure for $3.37 Billion
KKR & Co. agreed to pay $3.37 billion for a 20% stake in a Sempra Energy unit comprising the U.S. company’s infrastructure assets, including a liquefied natural gas project and a Mexican renewables and pipelines operator. It’s the latest example of a broader push among U.S. utilities eschewing diversification to focus on providing electricity and […]