Carlyle launches Revera Energy to develop renewable energy and battery storage projects in Australia and the UK
Its portfolio includes projects carved out and acquired by Carlyle from Amp Energy
Its focus will be on battery storage, renewable energy and green hydrogen in the target markets
Global investment firm Carlyle has launched a new independent energy infrastructure solutions platform called Revera Energy. Backed by Carlyle Global Infrastructure that has over $7.6 billion under management, it will focus on the Australia and UK markets on battery storage, renewable energy, and green hydrogen.
Revera will be active in developing, building, owning, and operating energy infrastructure projects in the 2 target markets. Carlyle says Revera’s current project portfolio comprises projects carved out and acquired from Amp Energy in Australia and the UK.
Some of the Australian projects in its portfolio comprise stage 1 of the 250 MW/700 MWh Bungama battery storage project in South Australia that’s currently under construction. It is also advancing more than 750 MWh of battery storage projects, 2.3 GW of solar, and 1.4 GW of wind projects across the National Energy Market (NEM). It also counts the IGW Cape Hardy Green Hydrogen Project in South Australia in its pipeline. Additionally, it is managing 158 MW of operational solar farms in New South Wales.
In the UK, Revera is advancing over 1.2 GW of late-stage battery storage projects.
“We plan to leverage the expertise and resources of Carlyle’s global infrastructure platform to help accelerate Revera’s growth and to expand its portfolio of diversified energy projects,” said the Chairman of Revera Energy and Managing Director in Carlyle Infrastructure Group, Richard Hoskins.
A year back in May 2024, Carlyle made a strategic investment in residential solar financing company Sungage Financial (see Carlyle Pumps In $450 Million In US Residential Solar).
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