Alternative asset and private equity investor KKR and climate solutions and sustainable infrastructure investment firm Hannon Armstrong Sustainable Infrastructure Capital (HASI) today committed up to $2 billion to “climate positivity.” announced the launch of Carbon Count Holdings 1 LLC (CCH1), a new venture aimed at investing in ” Drive sustainable infrastructure projects over the next 18 months.
Under the new agreement, KKR and HASI will each commit up to $1 billion to the new business in investments in clean energy assets, with HASI responsible for investment procurement and management of CCH1. The investment is consistent with HASI’s existing investment strategy, which includes a focus on behind-the-meter, grid-connected renewable natural gas and transportation projects.
Behind-the-meter projects include building- or facility-specific distributed energy projects that reduce energy usage and costs, such as community solar, storage, and energy efficiency projects. Grid-connected projects, on the other hand, include renewable energy projects such as solar power, solar power and storage. , onshore wind, renewable natural gas and transportation projects typically include RNG plants, transportation vehicle hardening and decarbonization.
HASI will also be responsible for measuring the avoided emissions of CCH1’s investments using its proprietary CarbonCount scoring tool. Developed by Hannon Armstrong in 2013, CarbonCount evaluates investments in U.S.-based renewable energy, energy efficiency, and climate resiliency projects and calculates annual carbon dioxide equivalent (CO2e) emissions per dollar of invested capital. Determine volume reduction efficiency. HASI uses CarbonCount to track and report on the impact of all investments.
Jeffrey A. Lipson, President and Chief Executive Officer of HASI, said:
“Our strategic partnership with KKR aligns perfectly with our climate client asset strategy and allows us to leverage our ambitious pipeline of opportunities and scale our business. We are excited to work with the KKR team, who share our commitment to accelerating the energy transition and whose interest in the relationship is a testament to HASI’s history of success.”
The new partnership comes as KKR in December identified decarbonisation and the large-scale ‘brown to green’ transition, particularly in asset-rich sectors, as key ‘mega-themes’ driving investment opportunities. It continues. The company has made a series of sector decarbonization moves focused on climate change, including launching a global climate strategy team in infrastructure in August 2023. The company said this marks a growing focus on climate investment, and has recently announced several policies. Large-scale energy transition infrastructure investments.
KKR will fund investments in new partnerships from its core infrastructure strategy. The company has invested more than $15 billion in renewable energy and climate-related investments through its infrastructure platform and is ranked 10th in the world by BloombergNEF.th-Largest owner of solar assets in operation and under construction in the United States
Cecilio Velasco, Managing Director of KKR’s Infrastructure Team, said:
“HASI has built an impressive portfolio of sustainable infrastructure projects through strategic partnerships, and we believe their pipeline of future opportunities will be highly complementary to KKR’s existing clean energy investment strategy. We look forward to working together to advance projects in the sustainable infrastructure sector and accelerate the energy transition.”
