HASI and KKR Commit Additional $1 Billion to CarbonCount Holdings 1
Strong Pipeline Drives Additional Investment Capacity for Strategic Partnership
HA Sustainable Infrastructure Capital, Inc. ("HASI") (NYSE:HASI), a leading investor in sustainable infrastructure assets, and KKR, a leading global investment firm, today announced that HASI and KKR have agreed to make an additional capital commitment of $500 million each for a combined total of $1 billion of new investment capacity into CarbonCount Holdings 1 LLC ("CCH1"). The co-investment vehicle was established by HASI and KKR to provide long-term capital solutions for sustainable infrastructure projects across the United States.
The parties expect that CCH1's newly expanded capital commitments combined with existing leverage targets will bring the total investment capacity to nearly $5 billion. The vehicle's investment period has been extended to the earlier of the end of 2027 or when all commitments have been utilized.
"CCH1 enables us to efficiently deploy capital into sustainable infrastructure projects that support the energy transition and address the country's rising power demand," said HASI Chief Revenue and Strategy Officer Marc Pangburn. "Alongside KKR, we are pleased to further scale CCH1 to deliver long-term value for our clients and stakeholders."
"Expanding our commitment to CCH1 reflects the strong momentum we are seeing across the strategic partnership and our conviction in the opportunity set ahead," said Cecilio Velasco, Managing Director, KKR. "Together with HASI, we look forward to delivering long-term, flexible capital to high-quality sustainable infrastructure projects across the U.S."
CCH1: Strategy, Structure, and Deployment Timeline
CCH1 was established in May 2024, with HASI and KKR each agreeing to invest an initial $1 billion into the strategic partnership built to co-invest in clean energy assets across the United States over an 18-month period. In June 2025, CCH1 expanded its investment capacity through the issuance of $592 million of 20-year fixed rate senior unsecured notes and extended the initial investment period through November 2026.
Through November 2025 and after accounting for the reinvestment of returned capital, the HASI-KKR strategic partnership has closed nearly $3 billion of investment commitments spanning six asset classes.
About HASI
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $15 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.
Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions are intended to identify such forward-looking statements. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives, including anticipated debt issuances. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in each of the companies' Annual Reports on Form 10-K (and, for HASI, as supplemented by its Form 10-K/A) for the companies' fiscal years ended December 31, 2024, which were filed with the U.S. Securities and Exchange Commission ("SEC"), as well as in other reports that the companies file with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. HASI, KKR, and CCH1 disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
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For HASI:
Kenny Gayles
[email protected]
+1 (443) 321-5756
Aaron Chew
[email protected]
+1 (410) 571-6189
For KKR:
Liidia Liuksila
[email protected]
+1 (212) 750-8300