Stonepeak to Acquire Remaining Stake in X-Elio from KKR

By Global Infrastructure Sherpa · Jun 17, 2024

Acquisition Renewable Energy announced Spain Jun 17, 2024

2.8 GW

Capacity

development

Stage

Stonepeak will acquire KKR's remaining stake in X-Elio, a renewable energy company. PartnerRe Ltd. was an investor in X-Elio through a KKR fund.

Source Intelligence

KEY DETAILS

KKR's original investment in X-ELIO was made via KKR Global Infrastructure Investor Fund II. Brookfield Renewable will acquire the remaining stake in X-ELIO as a follow-on investment through the same flagship infrastructure fund that made the original acquisition.

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Capacity

The company has 17 years of experience with more than 2.8 GW built.

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Location

X-ELIO specializes in the development, construction, financing and operation of renewable and sustainable energy projects with a global presence in Europe, the United States, Latin America, Japan and Australia.

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Announcement

03.21.23

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Expected Close

The transaction is subject to customary closing conditions and is expected to close during the second half of 2023.

PARTIES MENTIONED IN SOURCE

KKR seller

"KKR to Sell Stake in X-ELIO to Brookfield Renewable"

Brookfield Renewable buyer

"KKR to Sell Stake in X-ELIO to Brookfield Renewable"

Simpson Thacher advisor

"Simpson Thacher is advising KKR in connection with its agreement to sell its 50% stake in global renewable developer, X-ELIO, to its joint venture partner, Brookfield Renewable."

medium quality Enriched Feb 19, 2026