Kkr Provides $300m Corporate Credit Facility to Origis Energy
Vehicles and accounts managed by KKR's insurance business have provided a $300 million corporate financing facility to
Solar Industry 4:42 pm on May 20, 2024
KKR-provided $300M financing bolsters Origis Energy's solar development through a corporate credit facility, supporting their pipeline of projects. This move is part of KKR's ABF strategy, focusing on originated and negotiated credit investments backed by assets since 2016.
- Corporate Credit Facility: $300M from KKR for Origis Energy.
- ABF Strategy**: Since 2016, KKR's approach to finance via asset-backed funds.
- Solar Project Development**: Enable Originis Energy's ongoing project construction and development.
- Renewable Energy Financing Demand**: High demand for renewable projects financing is evident, as noted by Sam Mencof, KKR director.
- Asset-Backed Finance Focus**: The facility pools financial and hard assets to back the credit investment.
https://solarindustrymag.com/kkr-provides-300m-corporate-credit-facility-to-origis-energy