In a landmark move that underscores the growing momentum behind Australia’s clean energy shift, KKR has announced a $328.26 million (AU$500 million) investment in CleanPeak Energy. This is KKR’s first Asia-Pacific transaction under its Global Climate Transition strategy and represents a major push to expand distributed energy platforms across the country’s commercial and industrial (C&I) sector.

Let’s break down how this deal is poised to reshape Australia’s energy landscape and why it matters for corporates looking to decarbonize.

Empowering distributed energy at scale

CleanPeak Energy, a leading Australian renewable energy firm, is at the forefront of designing and operating on-site energy systems that combine solar power, battery storage, and smart micro-grid solutions. With this new investment, CleanPeak plans to accelerate deployment across a pipeline that includes 100 MW of solar and 300 MWh of battery capacity. The company’s current operating footprint already spans over 40 MW of rooftop solar, 100 MW of utility-scale solar, and 35 MWh of storage — and it’s growing fast.

Projects like Campbelltown Mall, Wanneroo Central, and the Tonsley Innovation District demonstrate CleanPeak’s real-world impact, delivering both decarbonization and significant energy savings. With KKR’s financial muscle and global network behind it, CleanPeak is primed to multiply these outcomes across the C&I landscape.

Strategic investment meets net-zero ambition

KKR’s investment is more than capital — it’s a strategic alignment with CleanPeak’s mission to make energy affordable, reliable, and sustainable. Since 2010, KKR has committed over $34 billion globally toward climate-focused companies like Zenobē (UK), Avantus (US), and IGNIS P2X. This investment in CleanPeak represents KKR’s sixth under its climate transition strategy and its first in Asia-Pacific.

Importantly, this deal creates a $652 million funding path when paired with future debt, giving CleanPeak the resources needed to fast-track infrastructure for corporate clients seeking cost control and carbon reduction. With flexible retail electricity solutions and a license to supply power directly, CleanPeak is uniquely positioned to meet growing demand for behind-the-meter energy systems.

Shaping a smarter energy future for corporates

As Australian businesses face mounting pressure to decarbonize, CleanPeak’s tailored solutions offer a path to energy independence and sustainability. Their end-to-end capabilities — from EPC and asset management to IT-backed optimization — are a key draw for corporates looking to meet net-zero targets without compromising reliability or cost.

For KKR, this investment is a stepping stone to broader climate leadership in the region. For CleanPeak, it’s a catalyst for growth. And for Australian businesses, it’s a sign that the energy transition is no longer a future goal — it’s happening now.

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