Avantus Announces Completion of Acquisition by KKR and Closing of $522 Million Development Facility

Today, Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, and KKR, a leading global investment firm, announced

The facility provides Avantus the financial backing to fuel the company’s growth and execute on its development portfolio, which now spans more than 30 gigawatts (GWdc) of solar and 94 GW hours (GWh) of energy storage across the Western United States. With the close of the transaction, KKR and EIG, a leading institutional investor in the global energy and infrastructure sectors, are the sole equity investors in Avantus.

Via: businesswire.com