CleanPeak Energy, an Australia-based renewables developer and operator, has signed a definitive agreement with KKR, a global investment firm, under which funds managed by KKR commit A$500 million (~$328 million) in funding. The transaction is expected to close in the second half of 2025, subject to customary regulatory approvals.
According to the company, this funding is expected to support the growth and development of a pipeline of distributed solar, battery storage, and microgrid solutions for Australia’s commercial and industrial sector.
“Australia’s C&I energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability, and affordability. By combining CleanPeak’s proven operating platform with KKR’s global network, operational expertise, and deep experience across our energy and infrastructure teams, we are well-positioned to unlock significant opportunities for corporate customers looking to decarbonize and reduce their energy bills,” said Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia.
The company reportedly has an operating portfolio of over 40 MW of rooftop solar, 100 MW of utility-scale solar projects, and 35 MWh of battery projects. Additionally, CleanPeak also has 100 MW of solar and 300 MWh of battery projects in its pipeline.
According to Mercom’s 1H 2025 Solar Funding and M&A report, VC funding activity decreased 7% year-over-year, with $2.5 billion raised in 32 deals in 1H 2025 compared to $2.7 billion from 29 deals in the first half of 2024. In Q2 2025, global VC funding activity declined 50% YoY, with $1.1 billion raised across 18 deals compared to $2.2 billion in 16 deals in Q2 2024.
Recently, Melvan, a renewable energy producer and developer, raised €25 million (~$29.1 million) in funding from a consortium of investors. The company primarily focuses on solar energy, developing, financing, and operating renewable energy projects. Its portfolio is stated to total around 2 GW at various stages of development, including 750 MW in advanced phases.
