Leading global investment firm KKR and Origis Energy (a leading renewable energy and decarbonization solution platform) announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis. The proceeds from the facility will support the continued development and construction of Origis’ pipeline of solar and storage projects.
Since its founding, Origis has developed over 250 solar and storage projects. In the U.S., the company’s current operating, contracted, and mature development project portfolio stands at more than 12 gigawatts (GW), with an additional 13 GW in the pipeline.
This investment aligned with KKR’s Asset-Based Finance (ABF) strategy, which focuses on privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets. This provides diversification to traditional corporate credit and attractive risk-adjusted returns. KKR’s ABF platform began investing in 2016 and now has approximately $54 billion in ABF assets under management globally across its High-Grade ABF and Opportunistic ABF strategies.
KEY QUOTES:
“We are on a remarkable trajectory at Origis and focused on delivering for our customers. We are pleased to be working with KKR in this next phase of our growth.”
- Vikas Anand, CEO of Origis
“Demand for renewable energy financing is stronger than ever and we are pleased to support Origis Energy, one of the leading developers in this space.”
- Sam Mencoff, Director at KKR
