KKR has acquired a majority equity interest in Avantus by investment funds and accounts managed by KKR.
Coinciding with the close of the transaction, Avantus secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking. The facility provides Avantus the financial backing to fuel the company’s energy storage development across the western U.S.
“This announcement is a ringing endorsement of our proven team at Avantus, providing us the capital to advance our portfolio and develop high-performing, high-value clean energy projects,” says Stephanie Perry, Avantus COO.
“We are excited to work with KKR and our existing investor EIG to achieve our growth plans and build on our track record of delivering record-breaking clean energy solutions that will decarbonize our planet at scale.”
The post KKR Acquires Majority Interest in Avantus appeared first on Solar Industry.
As shown below, there are tons of large clean energy projects slated for construction in the PJM (midAtlantic) region.
Once the Republicans’ war on renewables comes to a close, things could get interesting.
They are both the results of the human need to make sense of the world around us and to unravel life’s great mysteries.
The idea of a calm presentation of the news may have a certain surface-level appeal, and, at most points in history, that may have been completely appropriate.
But what about 1933 when Hitler was coming to power in Germany?
What about 2026 while Trump is destroying American democracy?
If you’re an American and you’re not infuriated, there is something profoundly defective in you.
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