Buyout firm KKR & Co Inc said on Tuesday it would exclusively partner with renewable energy consultant Crossover Energy Partners to develop solar and wind power projects and energy storage systems in North America.

Private equity firms are making a new investment push into clean energy after President Joe Biden’s administration recommitted the United States to the Paris climate accord. KKR has been a significant investor in renewable energy since 2011.

In April, the White House said it would back a national clean energy mandate to require the U.S. grid to get most of its power from emissions-free sources by 2030, in line with Biden’s pledge to cut greenhouse gas emissions in half across the American economy in the next decade.

Read more/Source: Yahoo Finance