KKR launches renewables-dedicated platform for Asian markets

April 28 (Renewables Now) – US personal fairness agency KKR & Co (NYSE:KKR), via its Asia Pacific Infrastructure Fund, has arrange a renewable power platform that may search to put money into renewable power tasks in Asia, initially specializing in Taiwan and Vietnam.

Dubbed Aster Renewable Power, the brand new firm will develop, construct and function photo voltaic photovoltaic (PV), wind and power storage schemes, KKR mentioned on Wednesday. The platform already has its first undertaking – a business photo voltaic PV improvement in Taiwan, particulars about which weren’t out there.

Singapore-based Aster might be led by CEO Chen Wei, who has over 20 years of expertise within the Asian renewable power sector. Adam Huang might be in command of operations in Taiwan.

As of end-2021, KKR had invested round USD 4 billion (EUR 4.75bn) in renewable power tasks globally, with a mixed capability of some 14.2 GW. The corporate expects the Asian renewable market could have a pivotal position in its infrastructure technique and mentioned it would search to seize the “vital alternatives” it gives.

“There may be vital demand and momentum for renewable power throughout the area [..],” mentioned Aster’s CEO.

(USD 1.0 = EUR 0.937)

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