KKR Acquires Majority Stake in Avantus

July 30, 2024

KKR, through investment funds and accounts it manages, acquired a majority equity interest in Avantus, a U.S. utility-scale solar and solar-plus-storage developer. With closing, KKR also arranged a $522 million development facility to support Avantus’ growth and accelerate its ~30 GW solar and 94 GWh storage pipeline.

Buyers
KKR
Targets
Avantus
Industry
Energy
Location
United States
Transaction Type
Buyout

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