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.
Until this announcement, I think anyone would have said that Gallup, Inc., founded in 1935, had a solid reputation for honesty and integrity.
Yesterday, all that vanished in the blink of an eye.
Imagine you’re one of about 2000 employees located in one of about 35 offices around the world, including New York City, London, Berlin, Sydney, Singapore, and Abu Dhabi. How sickened would you be?
From “The Other 98”
Trump now wants Americans to believe that greenhouse gases don’t endanger human life, a claim that flies in the face of virtually every scientist on Earth. His administration just erased the EPA’s longstanding “endangerment finding,” the scientific and legal cornerstone that said carbon pollution warms the planet and harms human health. Without it, the EPA can no longer regulate greenhouse gases from factories, cars, or power plants, effectively stripping the federal government of its ability to combat climate change.
Trump is nothing if not predictable and consistent in his policies that fly into the teeth of science and cause grievous harm to our health.
Since science recognize vacci nations as safe and effective, why not appoint an anti-vaxxer to head up the Department of Health and Human Services?
Coal is by far the most toxic source of energy, so guess what Trump supports.
Baby boomers remember shows like Bugs Bunny and Rocky and Bullwinkle, and lament that quality television for young no longer exists.
Appreciation for shows like these require a basic level of understanding of music, art, and above all, history.
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Gallup Disappears into Ignominy
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