Revera Launches as Independent Energy Platform Supported by Carlyle
Deal News | May 19, 2025 | The Carlyle Group
Carlyle has announced the launch of Revera Energy, an independent energy infrastructure platform that focuses on developing, building, owning, and operating projects relating to energy infrastructure. This initiative, backed by Carlyle Global Infrastructure, includes a portfolio of projects carved out and acquired from Amp Energy in Australia and the UK. At the heart of Revera's efforts are battery storage, renewable power, and green hydrogen projects aiming at sustainable energy solutions. The firm aims to leverage existing financing partnerships and progress a significant portfolio including massive battery storage, solar, wind, and green hydrogen projects. In Australia, Revera is working on a large battery storage project in South Australia and boasts a development pipeline spanning solar, wind, and hydrogen projects across the National Energy Market. Meanwhile, in the UK, the company is focused on battery storage projects to strengthen grid resiliency. Revera benefits from relationships with financing partners like Nomura Infrastructure & Power and others from Australia and Canada. The plan is to accelerate Revera's growth with the help of Carlyle's infrastructure expertise and identify future opportunities in both regions. This development signals Carlyle's continued expansion into the global energy infrastructure arena, aligning with broader shifts towards sustainable energy.
Sectors
- Energy Infrastructure
- Renewable Energy
- Private Equity
Geography
- Australia – Revera is actively developing and constructing energy projects across various Australian regions, including significant contributions to the National Energy Market.
- United Kingdom – Revera is also advancing battery storage projects in the UK, contributing to the country's energy infrastructure enhancements.
Industry
- Energy Infrastructure – The article revolves around Revera Energy's infrastructure projects related to battery storage and renewables, highlighting this sector.
- Renewable Energy – Revera's focus on battery storage, solar, wind, and green hydrogen projects emphasizes its commitment to renewable energy solutions.
- Private Equity – Carlyle, a private equity firm, is backing the launch of Revera, marking significant involvement in the investment and infrastructure sectors.
Financials
- $7.6 billion – The funds under management by Carlyle Global Infrastructure.
- $453 billion – Total assets under management by Carlyle as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carlyle Group | PE Firm | Company | A global investment firm backing the launch of Revera Energy. |
| Revera Energy | Target Company | Company | An independent energy infrastructure solutions platform launched with backing from Carlyle. |
| Amp Energy | Selling Company | Company | The source of energy infrastructure projects carved out and acquired by Revera. |
| Nomura Infrastructure & Power | Financing Partner | Company | One of the key financing partners supporting Revera's projects. |
| Commonwealth Bank of Australia | Financing Partner | Company | A financial institution involved in backing Revera's infrastructure endeavors. |
| Westpac Institutional Bank | Financing Partner | Company | Supports Revera with funding for its energy projects. |
| Natixis CIB | Financing Partner | Company | Provides financial backing for Revera's energy initiatives. |
| Export Development Canada | Financing Partner | Company | Engages in funding Revera's energy projects. |
| Richard Hoskins | Chairman of Revera Energy | Person | Chairman of Revera Energy and Managing Director in Carlyle's Infrastructure Group. |
| Vinod Mukani | Global Head, IPB at Nomura | Person | Oversees Nomura's Infrastructure & Power Business, a partner with Revera. |
| Alain Halimi | Managing Director, Nomura IPB | Person | Engaged in supporting Revera Energy through Nomura's IPB. |