KKR Invests $603M in HMC Capital's Energy Transition Platform

By Global Infrastructure Sherpa · Feb 8, 2026

Investment SolarWindStorage announced Sydney, Australia

USD603M

Deal Value

5.7 GW

Capacity

development

Stage

KKR, a leading global investment firm, has announced a strategic partnership with HMC Capital, investing up to $603 million in HMC's Energy Transition Platform. The investment will support the platform's expansion, including the development of new battery storage and wind projects. The partnership aims to contribute to Australia's energy transition and decarbonization objectives. HMC Capital's Energy Transition Platform has a significant clean energy generation capacity, with 652MW operational assets and a 5.7GW development pipeline. The investment is expected to close in mid-2026, subject to regulatory approvals.

Deal Analysis

The KKR investment in HMC Capital's Energy Transition Platform is a strategic partnership that underscores the growing importance of clean energy generation and storage in Australia. This deal is significant as it brings together a leading global investment firm and a developer with a substantial clean energy portfolio, aiming to support Australia's energy transition and decarbonization objectives. The partnership will enable the expansion of HMC Capital's Energy Transition Platform, including the development of new battery storage and wind projects, with a development pipeline of 5.7GW. The Australian energy market is poised for significant growth in renewable energy, driven by government policies and declining technology costs, making this investment timely and strategic.

KKR's investment of up to $603 million in HMC Capital's Energy Transition Platform
The partnership aims to develop new battery storage and wind projects, contributing to Australia's energy transition and decarbonization objectives
HMC Capital's Energy Transition Platform has a significant clean energy generation capacity, with 652MW operational assets and a 5.7GW development pipeline
The investment is expected to close in mid-2026, subject to regulatory approvals

Market Context: The Australian energy market is experiencing a significant shift towards renewable energy, driven by government policies and declining technology costs, with solar, wind, and storage technologies playing a crucial role in the country's energy transition.