Onshore renewables
Announcements prior to September 2017, including this announcement, occurred under previous ownership.
07 November 2014
This is the first time that GIB has supported the community-scale renewables sector and the first investment of KKR in the UK renewable energy sector.
GIB and KKR will each be providing up to £100m to the lending programme, which will be managed by Temporis Capital. It will be built within the Mersey Multimodal Gateway project, a 180 hectare logistics hub, just west of Liverpool.
GIB gained approval from the European Commission in May 2014 to expand its investment mandate to include community-scale renewables, mainly small-scale hydro-electric and wind projects, in response to a funding gap in the market.
Temporis expects the first project to benefit from the new lending facility will be in Scotland and for the loan agreement to be signed shortly.
Shaun Kingsbury
Chief Executive, UK Green Investment Bank
KKR, which is making the investment primarily from its balance sheet, has invested in renewable energy across the world, including US, Mexico, Australia, France, Italy, Spain, Portugal, and South Africa. Today’s announcement marks KKR’s first investment in the UK renewable energy sector.
Nat Zilkha
Co-Head of Credit for KKR
David Watson
Chief Executive, Temporis Capital
Media enquiries
Contacts
Debbie Androlia, Temporis Capital, 020 7491 9033, debbie.androlia@temporiscapital.com
Nina Suter, RLM Finsbury (For KKR Europe), +44 (0) 7795 300 397, nina.suter@rlmfinsbury.com
Tel: +44 20 3037 4014
Email: mediauk@macquarie.com
KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com. KKR has made several investments in wind energy, including through partnerships with Sorgenia, one of the largest Italian energy companies, for the production of wind energy in France, and with ACCIONA Energía Internacional (AEI), the international renewable energy generation business of ACCIONA Energía, with assets in 14 countries, including US, Mexico, Australia, Italy, Portugal and South Africa
Temporis Capital
Temporis is a specialist investment management firm pursuing listed equity, asset finance, debt, private equity, and infrastructure strategies solely in the sustainability sector. It invests in, builds and operates wind, solar, hydro and biomass projects in the UK and selected regions around the world. In addition to its primary investment management business, it also develops sites, advises third parties on acquisitions and sales, and administers companies owning renewable energy projects.