KKR & Co. Inc. has formed an A$600 million strategic partnership with HMC Capital to accelerate the expansion of HMC’s Energy Transition Platform in Australia. Under the agreement, KKR-managed funds will invest up to A$603 million, becoming a strategic partner alongside HMC in the platform’s existing 652 MW of operational assets and its 5.7 GW battery energy storage and wind development pipeline.

The investment will support the development of new battery storage and wind projects aimed at improving grid reliability and advancing Australia’s transition to net zero by 2050. Funded through KKR’s Global Climate Transition strategy, the transaction marks KKR’s second climate investment in Australia and is expected to close in mid-2026, subject to regulatory approvals.

Source: KKR, Business Wire, February 5, 2026