KKR and Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI), an investor in climate services, have agreed to establish CarbonCount Holdings 1 LLC to invest in climate projects across the U.S.
HASI and KKR have each made an initial capital commitment of up to $1 billion to CCH1, to invest up to $2 billion in clean energy assets over the next 18 months. These investments will be consistent with HASI’s existing investment strategy which is focused on renewable natural gas and transport projects.
Morgan Stanley acted as the financial advisor for KKR, and Lazard acted as financial advisor for HASI.