KKR led the investment in Arevia Power.

KKR, an investment firm, led the investment in Arevia Power, a renewable energy developer, with participation from GCM Grosvenor. Financial terms were not disclosed. “Now is a critical time for the energy transition, and we are elated by this milestone that gives us the flexible capital needed and the right partners to expand our solar and wind project pipeline throughout the country in a thoughtful way. KKR is an outstanding new strategic partner with deep renewables and infrastructure experience, and GCM Grosvenor is an equally accomplished infrastructure investor who has also been particularly successful in investing in partnership with organized labor groups. Together, this platform investment and new relationship with two world-class investment firms will super-charge our development of clean energy solutions while delivering good-paying jobs and leading the way on responsible development," Mark Boyadjian, Arevia Managing Partner.