Shaw Joins KKR Buying Cleaner Energy Rivals Won’t Touch: Energy
This article is for subscribers only.
Hedge funds and private equity firms from D.E. Shaw & Co. to KKR & Co. are ramping up their investments in renewable energy projects.
D.E. Shaw, the $30 billion hedge fund manager, bought stakes in five California solar plants in July and is co-developing a wind farm off Rhode Island’s coast. KKR has completed five clean-energy deals in three years, and Altus Power America Management LLC announced a joint venture Feb. 4 to develop $150 million of commercial solar projects.