Hannon Armstrong Sustainable Infrastructure Capital (HASI) and KKR have agreed to establish CarbonCount Holdings 1 LLC (CCH1), a new venture aimed at investing up to $2 billion in “climate positive” sustainable infrastructure projects over the next 18 months across US. According to the deal signed on May 4, 2024, both HASI and KKR have committed up to $1 billion each to CCH1 for investment in clean energy assets.
Furthermore, HASI will be responsible for identifying and managing investments for CCH1, engaging with clients, and assessing the emission reductions achieved by its investments using its CarbonCount scoring tool. Initially, assets valued at about 10 per cent of the total $2 billion commitment will be placed into CCH1. Additionally, Morgan Stanley & Co. LLC served as the financial advisor for KKR, while Lazard provided financial advisory services to HASI.
In January 2024, HASI announced its plans to invest in a portfolio of renewable energy assets developed, owned and operated by AES. The agreement reached financial close on December 22, 2023. As per the agreement, HASI made a structured equity investment in an approximately 605 MW portfolio of solar and solar-plus-storage assets spanning seven power markets and 11 states: Arizona, California, Colorado, Connecticut, Georgia, Hawaii, Illinois, Massachusetts, New York, Rhode Island, and Vermont
