Investor KKR launches renewables platform Aster aimed at Southeast-Asia

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Solar, wind and energy storage opportunities in Taiwan and Vietnam will be the main focus of Aster. Image: FTC Solar.

Investment firm KKR has launched Aster Renewable Energy, a renewable platform aimed to develop, build and operate solar, wind and energy storage projects in Southeast Asia.

Taiwan and Vietnam will be the primary focus starting with its first solar PV project in Taiwan already under commercial operation, with a possible expansion to other Asian markets later on.

The launch of Aster will increase KKR’s interest in Asia, after it launched Virescent Infrastructure in India back in 2020.

The firm will be led by Chen Wei, who has more than 20 years of expertise in the renewable industry across Asia, and will have its headquarters in Singapore.

As of the end of 2021, KKR had an operational renewable power generation capacity of 14.2GW with a global investment exceeding US$4 billion since 2011.

Michael de Guzman, managing director of KKR’s Asia Pacific infrastructure team, said: “We believe we have reached an inflection point where there is a strong convergence of favorable geographical characteristics and resources, supportive government policies, and demand for sustainable energy solutions to meet the region’s growing needs.”

The launch of Aster builds on KKR’s increased interest in renewable energy. Last December it launched a new utility-scale solar and energy storage platform named Stellar Renewable Power.

14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!
4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

May 13, 2022
Investment management firm Axium Infrastructure has acquired Boston-based solar and energy storage developer BlueWave, its first acquisition of a renewables developer.
May 13, 2022
Welcome back to PV Tech's live coverage of the third and final day of Intersolar Europe 2022. This story will be updated throughout the day, so be sure to refresh for the latest news, product launches and insight from the exhibition
May 12, 2022
Energy investment platform CleanCapital has secured a US$200 million credit facility to support its pipeline of distributed solar and energy storage projects.
May 12, 2022
Welcome back to Intersolar Europe 2022 for the exhibition's second day, and PV Tech’s rolling coverage of the event also returns. This story will be updated throughout the day, so be sure to refresh for the latest news, product launches and insight from the exhibition. Our coverage of day one can be found here.
May 11, 2022
solar tracker manufacturer FTC Solar has withdrawn its guidance for the year and warned of material uncertainties caused by the US AD/CVD investigation.
May 11, 2022
Live coverage the opening day of Intersolar Europe 2022 from PV Tech's editorial team on the ground at Messe München.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 17, 2022
Lisbon, Portugal
Upcoming Webinars
May 17, 2022
4:00 PM (CEST) | About 30 minutes
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA