KKR, an investment firm, completed the acquisition of Albioma, a renewable energy producer, for $1.7bn. “The energy transition requires major long-term investment. Alongside Frédéric Moyne and Albioma’s team, KKR is committed to accelerate energy transition in French overseas departments and the international expansion, while significantly increasing renewables in the energy mix to facilitate the exit from fossil fuels. KKR’s infrastructure business has the capital, renewable energy expertise and global footprint to support the execution of Albioma’s 2030 roadmap,” Vincent Policard, KKR Partner and Co-Head of European Infrastructure.