Energy Storage News•about 22 hours ago
KKR commits AU$603 million to HMC Capital’s 5.7GW Australian energy storage and wind pipeline
Key Takeaway
KKR's substantial investment in HMC Capital's 5.7GW pipeline marks a major acceleration in Australian renewable and storage development, intensifying market competition and expanding green energy options for large consumers.
AI Summary
- •KKR has committed AU$603 million (US$423 million) to HMC Capital's Energy Transition Platform, targeting a 5.7GW pipeline of Australian energy storage and wind projects.
- •This significant capital injection signals an accelerated deployment of renewable energy and grid modernization efforts across Australia.
- •Developers can anticipate increased competition for project resources and potential PPA opportunities, while large power consumers may see expanded options for green energy procurement and enhanced grid stability.
Topics
financingm&apolicyppastoragetransmissionwind
Article Content
Global investment firm KKR has announced a strategic partnership with HMC Capital, committing up to AU$603 million (US$423 million) to HMC's Energy Transition Platform as Australia accelerates its renewable energy deployment and grid modernisation efforts.