KKR has signed an agreement to acquire a majority stake in Avantus, with it and existing investor EIG being sole equity investors.
Founded in 2009, Avantus owns a project pipeline of 30 GW of solar and 94 GWh of battery storage, primarily in the southwestern U.S. and California.
“To support an economy-wide energy transition, there is a need to significantly expand renewable energy generation by 2050 and enable grid electrification,” says KKR’s Charlie Gailliot.
“Because of these tailwinds, we see enormous opportunity for Avantus. The company’s impressive team and development track record, coupled with its mature project pipeline, set it apart from other renewables developers. We are delighted to support Avantus in realizing its full potential.”
Following the closing of the transaction, KKR will support Avantus in creating an equity ownership program for its employees.
Jefferies acted as sole financial advisor to KKR. KKR Capital Markets and Sumitomo Mitsui Banking acted as the lead structuring agents and arrangers of a development financing facility for the company. Scotiabank served as financial advisor to Avantus.
The post KKR Acquires Majority Stake in Avantus appeared first on Solar Industry.
I’m sure some of these excuses are extremely common in the minds of those making huge profits by destroying our planet.
As shown at left, it’s possible to use helium ballons to lift a wind turbine high into the troposphere, where wind currents are stronger and more stable than they are near the Earth’s surface. Experiments with such devices have been being conducted since long before 2GreenEnergy came on the scene in 2009.
There are intrinsic limitations to this approach, however. Long tethers can run afoul of aviation, and they face extreme stress and operational complexity. Translation: huge costs, which is why we don’t see these in commercial use.
Did China test one of these? Probably. About 20 years ago.
I’m sure there are tens of millions of idiots who believe what U.S. House Speaker Mark Johnson said at left. Yet the majority of Americans understand that:
ICE is a lawless institution.
Trump consistently violates the Constitution by usurping the power that should reside in congress.
Our illegal war in Iran is endangering the entire planet, as is our war on clean energy.
Violent crime has been falling steadily since the early 1990s; Republicans taking credit for it is a lie.
Causing (some) voters to believe the lie that our elections are rigged endangers our democracy. So is voter suppression.
Committing war crimes like the bombing of small boats off the coast of Venezuela helps to create a lawless world.
-
Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy10 months agoSending Progressive Philanthropist George Soros to Prison?
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits