ALTÉRRA, one of the world’s largest private investment vehicles for climate finance, has announced a commitment from its Acceleration Fund to KKR’s Global Climate Transition Strategy, expanding its portfolio of strategic partnerships focused on accelerating climate and energy transition investments across North America, Europe, and Asia. Financial terms of the commitment were not disclosed.
Launched at COP28 with a $30 billion commitment from the UAE, Abu Dhabi-based ALTÉRRA aims to mobilize $250 billion globally by 2030 to finance the new climate economy and accelerate the climate transition. The commitment to KKR’s Global Climate Transition Strategy reflects ALTÉRRA’s broader approach of deploying capital at scale through global partnerships with established infrastructure investors.
KKR’s Global Climate Transition Strategy invests in climate solutions designed to enable efficiency, security, and decarbonization across all sectors of the physical economy, spanning renewables and storage, electrification, energy efficiency, sustainable fuels, waste, and circular economy solutions. The strategy has made seven investments since launch, including Zenobē, a UK-based transport electrification and battery storage specialist, EGC, an energy service provider in Germany, Dawsongroup, an independent asset leasing business, Avantus, a solar and solar-plus-storage developer in the United States, IGNIS P2X, an industrial decarbonization platform, CleanPeak Energy, a provider of integrated solar and storage systems, and HMC Capital’s energy transition platform.
KKR brings more than 15 years of experience in global infrastructure investing, with $100 billion in infrastructure assets under management. Since 2011, the firm has invested more than $44 billion in climate and environmental sustainability investments. The partnership comes as demand for infrastructure across electrification, grid resilience, and industrial decarbonization is accelerating, driven by rising energy demand, energy security priorities, and the increasing cost competitiveness of clean technologies.
KEY QUOTES:
“Our strategic partnership with KKR reflects ALTÉRRA’s commitment to investing in real assets that can accelerate decarbonization, while demonstrating that impact and commercial performance can go hand in hand. As global economies expand clean power capacity, modernize grids and electrify transport and industry, the need for large-scale, resilient infrastructure will continue to grow. Against this backdrop, we need to direct capital at scale into solutions that will enable the next phase of the global climate transition.”
Karim Radwan, Partner and Head of Investments, ALTÉRRA
“We are delighted to collaborate with ALTÉRRA on our Global Climate Transition strategy, which reflects a shared commitment to accelerating investment in the infrastructure underpinning the energy transition. As energy demand continues to grow, we see a significant opportunity to invest in solutions that enhance energy security, improve affordability, and ensure reliability, while supporting decarbonization across the real economy. By combining ALTÉRRA’s global perspective with KKR’s experience investing across climate and infrastructure, we are well positioned to scale proven technologies and build more resilient, efficient energy systems for the long term.”
Charlie Gailliot and Emmanuel Lagarrigue, Co-Heads of Global Climate Transition Strategy, KKR
