ALTÉRRA backs KKR’s Global Climate Transition Strategy

ALTÉRRA, the $30bn UAE-backed climate investment vehicle has invested in KKR’s Global Climate Transition Strategy, in a bid to enhance its real asset footprint across North America, Europe and Asia.

ALTÉRRA, which launched during COP28 in Dubai with the aim of mobilizing $250bn in climate finance by 2030 confirmed its commitment to KKR’s strategy, today, though the size of the transaction was not disclosed. To date, it has committed some $6.5bn to climate strategies, announcing strategic partnerships with BBVA and Copenhagen Infrastructure Partners earlier this year.

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KKR’s Global Climate Transition Strategy launched in 2024 and has close to $3bn in assets under management, according to Pitchbook data.

The strategy has invested among others in Zenobē, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; IGNIS P2X, an industrial decarbonisation platform; CleanPeak Energy, a provider of integrated solar and storage systems; and HMC Capital’s energy transition platform.

Commenting on the transaction, Karim Radwan, partner and head of Investments at ALTÉRRA said: “As global economies expand clean power capacity, modernize grids and electrify transport and industry, the need for large-scale, resilient infrastructure will continue to grow. Against this backdrop, we need to direct capital at scale into solutions that will enable the next phase of the global climate transition.”

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