Investor KKR launches renewables platform Aster aimed at Southeast-Asia

Facebook
Twitter
LinkedIn
Reddit
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.

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

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.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 9, 2025
Indian solar water pump and motor manufacturer Shakti Pumps has successfully raised INR2.9 billion (US$34.1 million) to build a solar cell and module manufacturing plant.
July 7, 2025
In Europe, PV panel prices fell marginally between May and June, leading to a slight downturn in European module buyers’ market confidence.
July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK