KKR Puts $500 Million Into Expanding Spanish Solar Acquisition

  • Gestamp, rebranded as X-Elio, wants to operate 2.5 gigawatts
  • Ambitions to expand operations in Japan, U.S., U.K., Mexico

KKR & Co. invested hundreds of millions of dollars in the Spanish solar power plant developer it bought last year and is open to spending more to tap into a renewable-energy revolution that it sees increasingly displacing fossil fuels.

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