Carlyle launches new renewable energy investment platform for Australia and UK

Facebook
Twitter
LinkedIn
Reddit
Email
The Molong Solar Farm in New South Wales, owned by Amp Energy. Image: GRS Energy.

Global investment firm Carlyle has launched a new platform called Revera Energy, which focuses on developing, building, owning and operating renewable energy, energy storage and green hydrogen projects in Australia and the UK.

The energy infrastructure platform will begin by carving out assets in Australia and the UK from renewables developer Amp Energy, which is backed by Carlyle.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In Australia, Revera will secure a development portfolio of more than 750MW of battery energy storage systems (BESS), 2.3GW of solar PV, and 1.4GW of wind generation, all concentrated in the National Electricity Market (NEM).

This will include projects such as the first stage of the 250MW/700MWh Bungama BESS being pursued in South Australia. As reported by our sister site Energy-Storage.news, Amp Energy had reached financial close on the site in February 2025.

Amp Energy previously said the BESS will have an output of 150MW and a storage capacity of 300MWh and aims to begin commercial operations in the first quarter of 2026.

In terms of solar PV, PV Tech has reported on several of Amp Energy’s utility-scale developments in Australia over the past few years. These include the 120MW Hillston solar PV power plant in New South Wales and two projects in South Australia: the 388MW Yoorndoo Illga solar-plus-storage site and a 1.3GW renewable energy hub.

Revera will also add the 1GW Cape Hardy green hydrogen project in South Australia to its portfolio. Located on the Eyre Peninsula, the proposed facility will produce green hydrogen and ammonia from wind and solar.

Meanwhile, in the UK, Revera Energy will acquire more than 1.2GW of late-stage BESS projects. Little details on the UK portfolio have been released, however, it is stated that the BESS projects are designed to strengthen grid resiliency.

Carlyle also noted that Revera will benefit from existing relationships with several financing partners, including Nomura Infrastructure & Power, the Commonwealth Bank of Australia, Westpac Institutional Bank, Natixis CIB, and Export Development Canada.

Richard Hoskins, chairman of Revera Energy and managing director in Carlyle’s Infrastructure Group, said Revera will leverage Carlyle’s expertise and resources to accelerate the new platform’s growth.

“We believe Revera marks a new growth phase for the platform’s dedicated staff and leadership team, and strengthens existing project commitments,” Hoskin added.

Read Next

July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
July 1, 2025
A five-year research initiative is underway in Australia to test the viability of floating solar systems on irrigation dams.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
The Spanish government has launched a €100 million (US$117 million) aid programme to help promote the recycling and reuse of materials from renewable energy projects.
June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
The UK government has decided it will not sign a Contract for Difference (CfD) with Xlinks for the 11.5GW Morroco-UK interconnector project.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece