Global private capital investment firm Carlyle announced the launch of Revera Energy, a new platform that will invest in and develop sustainable and clean energy infrastructure solutions in Australia and the UK.
Revera will develop, build, own, and operate energy infrastructure projects involving battery storage, renewable power, and green hydrogen. The projects will include those in Carlyle’s current portfolio, comprised of projects carved out and acquired from Amp Energy in Australia and the UK. Carlyle announced an initial $374 million investment in Amp Energy in 2021, and to date has invested more than $440 million in Amp’s global energy transition platform.
Projects already underway by the platform in Australia include a 250 MW in-construction battery storage project, along with 3.7 GW of wind and solar prjoects, and a 1GW green hydrogen project, in addition to a development pipeline of more than 750MW of battery storage. In the UK, Revera is advancing more than 1.2GW of late-stage battery storage projects designed to strengthen grid resiliency and support national decarbonization goals.
Richard Hoskins, Chairman of Revera Energy and Managing Director in Carlyle’s Infrastructure Group, said:
“We are excited about the launch of Revera Energy and believe it marks a new growth phase for the platform’s dedicated staff and leadership team,and strengthens existing project commitments. We plan to leverage the expertise and resources of Carlyle’s global infrastructure platform to help accelerate Revera’s growth and to expand its portfolio of diversified energy projects.”
In addition to financial backing from Carlyle, the firm said that the new platform will also benefit from existing relationships with financing partners including Nomura Infrastructure & Power, the Commonwealth Bank of Australia, Westpac Institutional Bank, Natixis CIB, and Export Development Canada.
Alain Halimi, Managing Director at Nomura IPB, said:
“We are excited to support Revera Energy, as it brings together innovative energy solutions under Carlyle’s ownership. Revera has been very successful in developing a diverse development pipeline, which will support grid resiliency and energy transition goals across multiple jurisdictions.”
The announcement follows the launch by Carlyle of renewable energy development platform Telis Energy in 2022, focused on high-quality renewable energy projects, with a focus on solar, in the UK, France, Spain, and Germany, and with a target project pipeline of more than 10GW in place by 2030.
