$664 Billion Private Equity Firm KKR Global Climate Transition Strategy Commits to First Investment in APAC with $326 Million (AUD 500 Million) Investment via Strategic Partnership with Australia Renewable Energy Specialist CleanPeak Energy to Launch New Distributed Energy Platform, CleanPeak Energy Founded in 2017 by Philip Graham & Jon Hare
28th July | Hong Kong
Leading private equity firm KKR ($664 billion AUM) Global Climate Transition strategy has committed to the first investment in APAC with $326 million (AUD 500 million) investment via strategic partnership with Australia renewable energy specialist CleanPeak Energy to launch a new distributed energy platform. CleanPeak Energy was founded in 2017 by Philip Graham & Jon Hare. Announcement (28/7/25): “Global investment firm KKR today announced the signing of definitive agreements under which funds managed by KKR will commit A$500 million to strategically partner with CleanPeak Energy (“CleanPeak”) 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 140MW of Solar Assets and 35MWH of Battery Energy Storage System (“BESS”) projects, and is currently delivering over $200m of construction projects in the sector … … KKR is making this investment from its Global Climate Transition strategy. This investment marks the strategy’s first in Asia-Pacific and its sixth transaction globally, underscoring KKR’s conviction in the energy-transition opportunity set. Since 2010, KKR has committed more than US$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.”
“ $664 Billion Private Equity Firm KKR Global Climate Transition Strategy Commits to First Investment in APAC with $326 Million (AUD 500 Million) Investment via Strategic Partnership with Australia Renewable Energy Specialist CleanPeak Energy to Launch New Distributed Energy Platform, CleanPeak Energy Founded in 2017 by Philip Graham & Jon Hare “
Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia: “Australia’s C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability. 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.”
CleanPeak Chief Executive Philip Graham: “KKR is a perfect strategic partner for us as we 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. Together, we will deliver reliable, lower-carbon energy for corporate Australia.”
Jon Hare, CleanPeak’s Chief Operating Officer: “CleanPeak’s distributed energy approach reduces network costs which make up a significant portion of the all-in cost of retail electricity and results in more competitive power prices for our customers.”
KKR – KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group.
CleanPeak – CleanPeak is a specialist renewable energy company in Australia empowering large industrial & commercial businesses to reduce their carbon emissions & transition to net zero. CleanPeak specialises in designing, building, owning and operating renewable energy assets, and associated infrastructure. By integrating state-of-the-art solar, battery and thermal energy assets, CleanPeak delivers energy solutions that are affordable, reliable and sustainable. CleanPeak’s operating portfolio consists of over 40 MW of rooftop solar, 100 MW of utility solar projects and 35 MWh of battery projects, as well as microgrids providing energy and thermal services for more than 1,000,000 square meters of floorspace. CleanPeak has a further 100 MW of solar and 300 MWh of battery projects in the pipeline. CleanPeak’s internal EPC capability drives superior design and delivery outcomes, tailored to the needs of individual clients. Our asset management capabilities are underpinned by proprietary IT systems that optimise performance, efficiency, and resilience. With its own retail electricity license, CleanPeak is uniquely positioned to supply power directly to end-users, offering flexible, customer-first retail solutions that minimise cost and carbon footprint. Whether it is powering large commercial precincts or integrating behind-the-meter solutions, CleanPeak connects the dots from project design through to renewable generation and distribution.
$664 Billion Private Equity Firm KKR Global Climate Transition Strategy Commits to First Investment in APAC with $326 Million (AUD 500 Million) Investment via Strategic Partnership with Australia Renewable Energy Specialist CleanPeak Energy to Launch New Distributed Energy Platform, CleanPeak Energy Founded in 2017 by Philip Graham & Jon Hare
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
