Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio

25 Mar 2023 CW Team

Kohlberg Kravis Roberts (KKR), a global investment firm, has agreed to sell 50% of its stake in renewable developer X-ELIO to its joint venture partner Brookfield Renewable. Financial details were not disclosed. X-ELIO has received over $2 billion in investment since KKR's initial investment in 2015, followed by Brookfield's acquisition of a 50% stake in 2019.

X-ELIO has built or developed 3 GW of renewable energy projects around the world. Furthermore, by the end of 2023, the renewable energy developer expects to have 3 GW of assets in operation, under construction, or ready-to-build in Spain, Italy, the United States, Australia, Japan, and Latin America.

Furthermore, X-ELIO stated that it has over 10 GW of advanced near-term solar and storage assets in its pipeline. "We have helped X-ELIO become a global leader in sustainable energy development since our initial investment eight years ago." As a company, we have been a long-term supporter of the energy transition. "I'm proud of what we've accomplished together, and I wish X-ELIO continued success on this exciting journey," said Tara Davies, KKR's Co-Head of European Infrastructure.

Godawari Green Energy, a wholly-owned subsidiary of the KKR-backed Virescent Renewable Energy Trust, acquired a 25 MW operational solar project from Samta Energy in Gujarat's Surendranagar district earlier this month.

The Competition Commission of India recently approved a $450 million investment by Ardor Holding II Pte, a special purpose vehicle indirectly owned by KKR, through the subscription of compulsorily convertible preference shares in Hero Group's renewable arm, Hero Future Energies.

Also Read
By 2030, India aims to be the world's leading shipbuilding nation
Delhi aims to meet annual electricity demand through solar power

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..