PWC News
Sunday, July 6, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

KKR Acquires Off-Grid Energy Provider Zenith – ESG Today

Home ESG Business
Share on FacebookShare on Twitter


Various asset and personal fairness investor KKR introduced an settlement to amass Australia-based impartial energy producer (IPP) Zenith Vitality.

Based in 2006, Zenith is one among Australia’s largest IPPs, with a concentrate on sustainable and dependable hybrid energy options for distant, off-grid useful resource sector shoppers and concrete microgrids for business, industrial, and residential precincts – together with serving Australia’s off-grid mining business.

The corporate has greater than 710MW contracted capability throughout roughly 15 websites, secured below long-term contracts, and just lately accomplished a A$1.9 billion (USD$1.2 billion) refinancing and upsizing of its present financial institution debt amenities, offering the corporate with greater than A$1 billion of progress capital to help the event of recent initiatives.

Zenith’s CEO and Managing Director, Hamish Moffat, mentioned:

“The funding by KKR will speed up our progress and skill to service giant scale initiatives with a broad capital base. There are vital and fast alternatives inherent within the decarbonisation of Australia’s mining sector, which Zenith is uniquely positioned to ship through large-scale, excessive penetration, hybrid energy initiatives. In the present day’s announcement positions the corporate to proceed offering our distinct worth proposition through these distinctive distant power options to our present shoppers, whereas enabling us to pursue a strong pipeline of recent alternatives as Australia’s mining sector intensifies its decarbonisation efforts.”

The acquisition marks the newest in a collection of power transition and sustainable infrastructure-focused transactions for KKR, and follows the identification by the agency in December 2023 of decarbonization, and the big scale “brown-to-green” transition of asset-heavy sectors particularly, as a key “mega-theme” driving funding alternatives.

KKR is buying Zenith by means of its Asia Pacific Infrastructure Buyers II Fund from an investor consortium together with Pacific Fairness Companions, OPSEU Pension Belief, and Foresight Group, with Zenith’s founder and administration retaining a minority stake.

Andrew Jennings, Managing Director and Head of Australia & New Zealand (ANZ) Infrastructure, KKR, mentioned:

“Zenith has established itself as one of many clear leaders in deploying and managing hybrid energy options in Australia, a precedence marketplace for KKR in Asia Pacific. We stay up for supporting Zenith and its administration crew over the subsequent stage of progress and serving to them capitalise on the numerous alternative for off-grid renewable energy.”



Source link

Tags: AcquiresEnergyESGKKROffGridProviderTodayZenith
Previous Post

45% Odds US Military Will Strike Iran Before July—Markets on High Alert – Bitcoin News

Next Post

The 10 Highest Yielding Dividend Champions | Yields Up To 7.2% – Sure Dividend

Related Posts

Can AI fix what women’s health has long ignored?
ESG Business

Can AI fix what women’s health has long ignored?

July 4, 2025
[Podcast] How to build a successful startup community ー Interview with Tim Rowe at Cambridge Innovation Center (Part 5)
ESG Business

[Podcast] How to build a successful startup community ー Interview with Tim Rowe at Cambridge Innovation Center (Part 5)

July 6, 2025
Phlair, Carbon Removal to Develop Largest DAC Carbon Removal Project in Europe – ESG Today
ESG Business

Phlair, Carbon Removal to Develop Largest DAC Carbon Removal Project in Europe – ESG Today

July 4, 2025
Impact Investor responsAbility Appoints Nadia Nikolova as New CEO – ESG Today
ESG Business

Impact Investor responsAbility Appoints Nadia Nikolova as New CEO – ESG Today

July 5, 2025
UBS Raises 0 Million for SDG-Focused Blended Finance Fund – ESG Today
ESG Business

UBS Raises $100 Million for SDG-Focused Blended Finance Fund – ESG Today

July 3, 2025
From Risk to Resilience: How Insurance is Rewriting the Climate Playbook
ESG Business

From Risk to Resilience: How Insurance is Rewriting the Climate Playbook

July 4, 2025
Next Post
The 10 Highest Yielding Dividend Champions | Yields Up To 7.2% – Sure Dividend

The 10 Highest Yielding Dividend Champions | Yields Up To 7.2% - Sure Dividend

Nasdaq-traded Chinese herb stock with no revenues rallies 58,000% to top Lululemon in market value

Nasdaq-traded Chinese herb stock with no revenues rallies 58,000% to top Lululemon in market value

Understanding the MAGA Mindset – 2GreenEnergy.com

Understanding the MAGA Mindset – 2GreenEnergy.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension
Cryptocurrency

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

by PWC
July 5, 2025
0

The Cyprus Securities and Trade Fee (CySEC) introduced in the present day (Friday) that it has recalled the suspension of...

Senate considers ditching the EV tax credit even earlier than planned

Senate considers ditching the EV tax credit even earlier than planned

June 30, 2025
What’s Hot For Enterprise Fraud Management In APAC In 2025

What’s Hot For Enterprise Fraud Management In APAC In 2025

July 1, 2025
Millions of Gen Z are jobless yet ghosting employers. Phone anxiety is to blame—and experts say voice notes are the cure

Millions of Gen Z are jobless yet ghosting employers. Phone anxiety is to blame—and experts say voice notes are the cure

July 6, 2025
Circle Moves to Become a US National Trust Bank after Bumper IPO

Circle Moves to Become a US National Trust Bank after Bumper IPO

July 1, 2025
Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

June 30, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.