KKR to Invest $327.61 Million in CleanPeak Energies

Global investment firm KKR has announced that it has signed agreements under which funds managed by KKR will commit $327.61 million to partner with Australian CleanPeak Energy to rapidly grow its distributed energy platform.

KKR’s investment will support CleanPeak in growing and developing a pipeline of distributed solar, battery storage and micro‑grid solutions for Australia’s commercial and industrial (C&I) sector.

Co-founded by Philip Graham and Jon Hare in 2017, CleanPeak is a leading provider of fully financed, integrated solar‑and‑storage systems for blue‑chip corporates across Australia.

The company operates over 50 distributed generation sites across Australia including over 140 MW of Solar Assets and 35 MWh of Battery Energy Storage System (BESS) projects, and is currently delivering over $200 million of construction projects in the sector.

The commitment, which is expected to close in the second half of 2025, marks the sixth investment in KKR’s global climate transition strategy and the first in Asia Pacific.

Neil Arora, partner and head of KKR’s climate transition strategy for Asia said that Australia’s C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability.

He added: “By combining CleanPeak’s proven operating platform with KKR’s global network, operational expertise, and deep experience across our energy and infrastructure teams, we are well positioned to unlock significant opportunities for corporate customers looking to decarbonise and reduce their energy bills.”

Perfect Partner

CleanPeak CEO Philip Graham said that KKR is a perfect strategic partner for the company as they seek to rapidly expand renewable energy solutions for our customers.

“They bring deep energy transition expertise, financial strength and a partnership mindset that will allow CleanPeak to continue to offer net zero solutions at the same time as accelerating our growth plans through bolt‑on acquisitions,” he said.

KKR is making this investment from its Global Climate Transition strategy and this underscores KKR’s conviction in the energy‑transition opportunity set.

Since 2010, KKR has committed more than $34 billion in climate and environmental sustainability investments. Past investments have included Zenobē, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform.