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Highlights
KKR to partner with CleanPeak to grow solar, storage and microgrid assets
CleanPeak to scale C&I renewable systems with financial backing from KKR
Deal marks KKR's first Asia-Pacific investment under its global climate strategy
Australia's renewable energy sector, which includes firms aligned with the ASX 200 and All Ordinaries, is expected to benefit from increasing institutional backing as CleanPeak Energy secures a strategic partnership with KKR. The commitment will fund expansion of CleanPeak’s distributed energy platform, which caters to large-scale commercial and industrial (C&I) customers across the country.
This announcement reinforces the growing interest in distributed energy generation, battery systems, and sustainable infrastructure development.
CleanPeak to Accelerate Clean Energy Delivery for Business Sector
CleanPeak, founded in 2017, operates an expanding network of distributed generation sites that combine solar infrastructure with battery energy storage systems. The company focuses on designing, owning and managing renewable energy assets tailored to corporate clients seeking lower-carbon energy alternatives.
The new partnership aims to accelerate the roll-out of CleanPeak’s integrated systems across Australia, particularly through microgrids and storage-backed solar arrays built for enterprise customers. The firm’s portfolio already spans a wide range of energy assets and is underpinned by long-term supply commitments.
KKR Launches Asia-Pacific Deal Under Climate Strategy
KKR is deploying capital through its Global Climate Transition strategy, marking the vehicle’s inaugural commitment in the Asia-Pacific region. The strategy seeks to identify and scale platforms delivering tangible energy transition outcomes.
The firm will bring operational and financial expertise to CleanPeak while helping expand its capabilities through targeted acquisitions and project delivery support. This approach will further connect global capital markets with domestic decarbonisation infrastructure.
Leadership Emphasises Shared Vision on Net Zero Pathways
CleanPeak CEO Philip Graham highlighted the alignment between the two organisations’ goals, calling the deal a step forward in expanding access to integrated clean energy systems for Australian corporations. He also noted the significance of combining CleanPeak’s local expertise with KKR’s global reach to enable wider adoption of net zero pathways.
KKR's Asia climate strategy lead Neil Arora reinforced the importance of addressing corporate energy needs amid growing demand for efficiency, resilience, and sustainability. The partnership intends to provide scalable, bankable solutions for the transition away from fossil-fuel-dependent grids.
Transaction Timelines and Strategic Scope
The transaction remains subject to regulatory approvals and is scheduled to complete in the second half of the year. Upon closing, CleanPeak and KKR aim to build on existing momentum by rapidly expanding construction-ready projects and deepening their reach within the C&I market.
This development is poised to contribute to Australia’s broader clean energy transformation, reinforcing the role of private capital in building future-ready power infrastructure.
What is the focus of the CleanPeak and KKR partnership?
The partnership aims to expand CleanPeak’s solar, battery, and microgrid projects for commercial and industrial clients across Australia.
Why is KKR investing in CleanPeak?
KKR is supporting CleanPeak through its Global Climate Transition strategy to help scale distributed clean energy solutions and accelerate net zero goals.
When is the CleanPeak-KKR deal expected to close?
The transaction is anticipated to complete in the second half of the year, pending regulatory approvals.
