KKR to acquire a majority stake in Avantus, a developer of large utility-scale solar and solar-plus-storage projects. Financial terms were not disclosed. “To support an economy-wide energy transition, there is a need to significantly expand renewable energy generation by 2050 and enable grid electrification. Because of these tailwinds, we see enormous opportunity for Avantus. The company’s impressive team and development track record, coupled with its mature project pipeline, set it apart from other renewables developers,” Charlie Gailliot, KKR Partner and Co-Head of Global Climate Strategy.