"Ultra" Declares its commitment to invest in the strategy "KKR" Global climate change

ABU DHABI, 21 APRIL / WAM / Alterra, one of the largest private investment funds to finance climate action in the world, today announced the commitment of its Accelerator Fund to invest in KKR’s global climate transition strategy, in a step that contributes to expanding its portfolio of strategic partnerships, with a focus on accelerating investments in the areas of climate and energy transition in North America, Europe and Asia.

KKR’s strategy focuses on investing in climate solutions aimed at enhancing efficiency, energy security and reducing emissions across various sectors of the real economy.

The investments include assets essential to the functioning and continuity of the economy, extending across diverse sectors such as renewable energy and storage systems, sector electrification, energy efficiency, sustainable fuels, waste management, and circular economy solutions.

The demand for infrastructure is increasing in the areas of expanding the use of electricity, enhancing the flexibility of networks, reducing emissions and decarbonizing industry, driven by the high demand for energy and the growing importance of its security, in addition to the improved cost competitiveness of clean energy technologies.

As adoption of these solutions expands and capital shifts towards climate-compliant assets, there is a promising opportunity to invest at scale in systems that will support low-carbon, more resilient economies and lay the foundations for long-term sustainable growth.

In this context, Karim Radwan, Partner and Head of Investments at Ultra, said: “Our strategic partnership with KKR reflects Ultra’s commitment to directing investments towards real assets capable of accelerating the pace of emissions reduction and decarbonisation, while confirming the possibility of achieving a positive impact and successful business performance at the same time… As global economies continue to expand clean energy capabilities, modernize their networks, and enhance reliance on electricity in transportation and industry, demand for large-scale, efficient and flexible infrastructure is expected to continue to grow, hence It is important to direct capital towards solutions that pave the way for the next stage of global climate change and support its sustainable growth.”

For their part, Charlie Galiot and Emmanuel Lagarrigue, co-chairs of the Global Climate Transition Strategy at KKR, said: “We are pleased to cooperate with ULTRA in implementing our global climate transition strategy, which reflects a shared commitment to accelerating investment in the infrastructure on which the energy transition is based. As demand for energy continues to grow, we have promising opportunities to invest in solutions that enhance energy security, increase its affordability, and ensure its reliability, in parallel with supporting emissions reduction efforts in The real economy… By combining ULTRA’s global vision with KKR’s experience in investing in the climate and infrastructure sectors, we have strong capabilities to expand proven technologies and build more efficient and resilient energy systems in the long term.”

KKR’s global climate transition strategy has contributed to the implementation of seven investments since its launch, including Zenobi, which specializes in transportation electrification and battery storage solutions in the United Kingdom, EGC, an energy services provider in Germany, Dawson Group, an independent asset leasing company that provides a wide range of business-critical solutions, in addition to Avantos, a developer of solar energy projects and associated storage systems in the United States, and Ignis B2X, a platform specialized in removing… Carbon from industry, and Clean Peak Energy, a leading provider of integrated solar and storage solutions, as well as HMC Capital’s energy transition platform.

KKR has more than 15 years of experience in investing in infrastructure globally, managing assets in this sector worth approximately $100 billion. Since 2011, the company has invested more than $44 billion in the areas of climate and environmental sustainability.

As for the “Ultra” Fund, since its launch, it has supported a growing portfolio of climate-oriented investments and strategic partnerships around the world, and its commitment to investing in the KKR Global Climate Transition Strategy contributes to expanding this portfolio, thus enhancing its role in mobilizing capital towards infrastructure and solutions that shape the next phase of the global climate transition.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related