TLDR:
- KKR and HASI have launched a $2 billion sustainable infrastructure investment venture called CarbonCount Holdings 1 LLC (CCH1).
- The new venture aims to invest in clean energy assets and sustainable infrastructure projects in the next 18 months.
Alternative asset and private equity investor KKR and climate solutions and sustainable infrastructure investment firm Hannon Armstrong Sustainable Infrastructure Capital (HASI) have joined forces to launch CarbonCount Holdings 1 LLC (CCH1), a new venture with a commitment of up to $2 billion to invest in “climate positive” sustainable infrastructure projects. HASI will be responsible for sourcing investments and managing CCH1, with a focus on clean energy assets such as renewables and energy efficiency projects. The partnership aims to accelerate the energy transition and drive decarbonization efforts in asset-heavy sectors.
Under the agreement, KKR and HASI will each commit up to $1 billion to the new venture, with HASI using its proprietary CarbonCount scoring tool to measure the avoided emissions of CCH1’s investments. CarbonCount evaluates investments in renewable energy, energy efficiency, and climate resilience projects to determine the reduction in annual carbon dioxide equivalent (CO2e) emissions. This partnership aligns with KKR’s focus on climate investing, as the firm has invested over $15 billion in renewable energy and climate-related investments through its infrastructure platform.
Jeffrey A. Lipson, President and Chief Executive Officer of HASI, expressed excitement about the collaboration with KKR, emphasizing the alignment of goals in accelerating the energy transition. Cecilio Velasco, Managing Director on KKR’s Infrastructure team, also highlighted the complementary nature of HASI’s portfolio with KKR’s clean energy investing strategy. The new partnership reflects a strategic move by both firms to capitalize on sustainable infrastructure projects and contribute to the global energy transition.
This announcement comes as a key development in the sustainable finance and ESG investing landscape, signaling a significant commitment from two major players in the investment industry to drive positive climate impact through sustainable infrastructure investments.
