Carlyle Launches Revera Energy for Clean Energy Infrastructure Expansion in Australia and UK
Key Ideas
- Carlyle Group introduces Revera Energy, a new clean energy infrastructure platform targeting renewables projects in Australia and the UK.
- Revera will focus on renewable power, battery energy storage, and green hydrogen projects like the 250 MW Bungama battery project in Australia and late-stage battery energy storage projects in the UK.
- Carlyle's full ownership of Revera after a recapitalization is expected to drive growth and diversity in energy projects through leveraging global infrastructure resources.
- Revera's leadership, including Richard Hoskins and Daniel Kim, aims to accelerate growth and deliver on high-quality energy transition commitments, supported by financing partnerships.
The Carlyle Group has unveiled Revera Energy, a new independent energy infrastructure platform aimed at advancing utility-scale renewables projects in Australia and the United Kingdom. Revera's current portfolio includes projects acquired from Canadian renewables developer Amp Energy, focusing on renewable power, battery energy storage, and green hydrogen initiatives. In Australia, projects like the 250 MW Bungama battery project and a gigawatt-scale green hydrogen project at Cape Hardy are in progress, along with significant solar, wind, and battery energy storage developments. In the UK, Revera holds over 1.2 GW of late-stage battery energy storage projects. With Carlyle's transition to full ownership and a fresh capital infusion, Revera is poised for growth and diversification in energy projects, benefiting from Carlyle's global infrastructure platform. The leadership team, led by Richard Hoskins and Daniel Kim, is committed to leveraging Carlyle's resources to drive Revera's expansion and enhance its energy project portfolio. The platform is expected to collaborate with financing partners like Commonwealth Bank, Westpac, and Nomura Infrastructure & Power to support its objectives.
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