Global investment firm KKR today announced the launch of Aster Renewable Energy (“Aster”), a newly created renewables platform to develop, build, and operate solar, wind and energy storage projects in Taiwan and Vietnam, with a view to expand to other markets in Asia.
Aster’s launch builds on the strong momentum behind renewables investment and development in Asia and KKR’s extensive experience in this sector. Since 2011, KKR has deployed approximately US$4.0 billion globally into renewable assets, such as solar and wind, which have an operational power generation capacity of 14.2 GW, as of December 31, 2021. In Asia, KKR sees renewables as core to its infrastructure strategy and seeks to capture the significant opportunities across the region. In 2020, KKR set up Virescent Infrastructure, a renewable energy platform to own and operate renewable assets in India.
KKR established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of approximately 75 dedicated investment professionals. The firm currently oversees approximately US$40 billion in infrastructure assets globally and has made approximately 65 infrastructure investments across a range of sub-sectors and geographies. In Asia Pacific, KKR combines the capabilities of its local teams across the region with KKR’s global industry and operational expertise to add value to companies.
Read more: Business Wire
