08:00 AM EDT, 05/20/2024 (MT Newswires) -- KKR & Co ( KKR ) said on Monday that it has provided a $300 million corporate financing facility to Origis Energy, a renewable energy and decarbonization solution platform.

The investment firm said the facility's proceeds will support the continued development and construction of Origis' pipeline of solar and storage projects and aligns with KKR's asset-based finance strategy, which focuses on privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets.

"Demand for renewable energy financing is stronger than ever and we are pleased to support Origis Energy, one of the leading developers in this space," said Sam Mencoff, director at KKR.