HASI, KKR team up to pour USD 2bn in sustainable infrastructure in US

US climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI) and local private equity firm KKR & Co (NYSE:KKR) have joined forces to invest USD 2 billion (EUR 1.85bn) in sustainable infrastructure projects across the US over the next 18 months.

This initiative will be facilitated through the establishment of CarbonCount Holdings 1 LLC (CCH1) which will look to allocate the capital in line with HASI’s existing investment strategy focused on behind-the-meter, grid-connected, renewable natural gas and transport projects, according to a statement published Tuesday.

HASI and KKR have each made an initial capital commitment of up to USD 1 billion to CCH1. HASI will source the investments for and manage the new vehicle, maintain the interface with its clients and measure the avoided emissions of all investments through its CarbonCount scoring tool.

The plan envisages for CCH1 to have a portfolio representing 10% of the total investment commitment at close.

HASI has more than USD 12 billion in managed assets. It only targets investments in assets that are neutral to negative on incremental carbon emissions or have some other tangible environmental benefit, such as reducing water consumption.

KKR, boasting over 15 years of infrastructure investing experience, has poured more than USD 15 billion in renewable energy and climate-related investments from its infrastructure platform alone.

(USD 1 = EUR 0.929)

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