Leading global investment firm KKR and renewable energy solution platform Origis Energy have announced a corporate financing facility of $300 million. The funding, provided by vehicles and accounts managed by KKR’s insurance business, will bolster the development and construction of Origis’ pipeline of solar and storage projects.
Origis Energy has recently gained recognition, ranking third on S&P Global Commodity Insights’ list of the ten largest owners of planned solar installations through 2028. With a track record of over 250 solar and storage projects developed since inception, Origis boasts a current operating, contracted, and mature development project portfolio of over 12 gigawatts (GW) in the United States, with an additional 13 GW in the pipeline.
Vikas Anand, CEO of Origis, expressed enthusiasm about the partnership with KKR, stating, “We are on a remarkable trajectory at Origis and focused on delivering for our customers.”
Sam Mencoff, Director at KKR, highlighted the growing demand for renewable energy financing and affirmed KKR’s commitment to supporting Origis Energy, a leading developer in the renewable energy space.
This investment aligns with KKR’s Asset-Based Finance (ABF) strategy, which emphasizes privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets. KKR’s ABF platform, initiated in 2016, now manages approximately $54 billion in ABF assets globally across its High-Grade ABF and Opportunistic ABF strategies.
