Private equity giant KKR and Hannon Armstrong Sustainable Infrastructure Capital launched CarbonCount Holdings with $1 billion each last May to co-invest in sustainable infrastructure in the US.
The private equity firms are now investing another $500 million each to continue supporting “long-term, flexible capital to high-quality sustainable infrastructure projects,” said KKR’s Cecilio Velasco.
With leverage, the initiative has the capacity to invest $5 billion by early 2027.
The partners’ fresh capital injection “reflects the strong momentum we are seeing across the strategic partnership and our conviction in the opportunity set ahead,” said Velasco.
Energy transition
CarbonCount has made close to $3 billion in investments since it was launched last year. The tally factors in capital that has been returned and reinvested in new projects.
HASI, which manages the strategy, targets utility-scale solar, energy storage and onshore wind, as well as distributed solar and storage, renewable natural gas and energy efficiency investments.
