+
X-ELIO’s 50% share to be sold by KKR to Brookfield Renewable
POWER & RENEWABLE ENERGY

X-ELIO’s 50% share to be sold by KKR to Brookfield Renewable

Leading international investment company KKR, with headquarters in the US, said that it has decided to sell its 50% ownership in Spanish global renewable developer X-ELIO to its joint venture partner Brookfield Renewable. After the deal, Brookfield Renewable will hold 100% of X-ELIO, according to the official news release.

Since KKR's original investment eight years ago, we have assisted X-ELIO in becoming a world leader in the development of sustainable energy. According to Tara Davies, Co-Head of European Infrastructure at KKR, "We have been a long-term investor behind the energy transformation and are focused on continuing to discover the right opportunities to support companies with the necessary resources.

According to the press announcement, KKR Global Infrastructure Investment Fund II was used to make the initial investment in X-ELIO. In a follow-on investment, Brookfield Renewable will buy the remaining shares of X-ELIO from the same infrastructure fund that made the initial purchase. "X-ELIO has benefited from almost $2 billion of investment between KKR's first investment in 2015 and Brookfield's acquisition of a 50% ownership in 2019," the statement read. This has enabled considerable growth in the pipeline and rise in development velocity.

A global leader in the development, building, financing, and operation of solar PV plants, storage facilities, and hydrogen projects is X-ELIO, which has its headquarters in Madrid. Thus far, it has created 3 GW worth of renewable energy projects on five different continents. According to X-ELIO CEO Lluis Noguera, the company is in a great position to further expanding its solar and storage businesses thanks to Brookfield's ongoing support. The deal is anticipated to be finalised in the second half of 2023.

Leading international investment company KKR, with headquarters in the US, said that it has decided to sell its 50% ownership in Spanish global renewable developer X-ELIO to its joint venture partner Brookfield Renewable. After the deal, Brookfield Renewable will hold 100% of X-ELIO, according to the official news release. Since KKR's original investment eight years ago, we have assisted X-ELIO in becoming a world leader in the development of sustainable energy. According to Tara Davies, Co-Head of European Infrastructure at KKR, We have been a long-term investor behind the energy transformation and are focused on continuing to discover the right opportunities to support companies with the necessary resources. According to the press announcement, KKR Global Infrastructure Investment Fund II was used to make the initial investment in X-ELIO. In a follow-on investment, Brookfield Renewable will buy the remaining shares of X-ELIO from the same infrastructure fund that made the initial purchase. X-ELIO has benefited from almost $2 billion of investment between KKR's first investment in 2015 and Brookfield's acquisition of a 50% ownership in 2019, the statement read. This has enabled considerable growth in the pipeline and rise in development velocity. A global leader in the development, building, financing, and operation of solar PV plants, storage facilities, and hydrogen projects is X-ELIO, which has its headquarters in Madrid. Thus far, it has created 3 GW worth of renewable energy projects on five different continents. According to X-ELIO CEO Lluis Noguera, the company is in a great position to further expanding its solar and storage businesses thanks to Brookfield's ongoing support. The deal is anticipated to be finalised in the second half of 2023.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?