Private equity giant KKR is ploughing $500 million into a solar and storage start-up co-founded by a former Citi banker, in a landmark investment in the sector targeting rooftop panels and battery installations on shopping centres and industrial premises.
The investment in CleanPeak Energy is being made under the global powerhouse’s climate transition strategy, which has so far committed more than $US34 billion ($51.9 billion) to climate and environmental sustainability ventures.
