Global investment firm Carlyle announced the launch of Revera Energy (“Revera”), an independent energy infrastructure solutions platform backed by Carlyle Global Infrastructure.
Revera focuses on developing, building, owning, and operating energy infrastructure projects, including its current portfolio, which comprises projects carved out and acquired from Amp Energy in Australia and the UK. With an emphasis on battery storage, renewable power, and green hydrogen, the platform seeks to provide sustainable and resilient energy infrastructure solutions in Australia and the UK. Revera benefits from existing relationships with top-tier financing partners, including Nomura Infrastructure & Power, the Commonwealth Bank of Australia (“CBA”), Westpac Institutional Bank (“Westpac”), Natixis CIB, and Export Development Canada (“EDC”).
In Australia, the platform is constructing stage 1 of the 250MW / 700MWh Bungama battery storage project in South Australia (“SA”) and is advancing a significant development pipeline of more than 750MW of battery storage, 2.3GW of solar, and 1.4GW of wind projects across Australia’s National Energy Market (“NEM”), as well as the 1GW Cape Hardy Green Hydrogen Project in SA. Revera is also managing and has provided financing to 158MW of operating solar farms in New South Wales.
In the UK, Revera is advancing more than 1.2GW of late-stage battery storage projects designed to strengthen grid resiliency and support national decarbonization goals. Revera’s UK platform is supported by strong market tailwinds, including growing and resilient demand for grid stability services.
“We are excited about the launch of Revera Energy and believe it marks a new growth phase for the platform’s dedicated staff and leadership team, and strengthens existing project commitments. We plan to leverage the expertise and resources of Carlyle’s global infrastructure platform to help accelerate Revera’s growth and to expand its portfolio of diversified energy projects,” said Richard Hoskins, Chairman of Revera Energy and Managing Director in Carlyle’s Infrastructure Group. “I look forward to working closely with Revera’s leadership team to further identify and capture compelling energy infrastructure opportunities in both Australia and the UK.”
"Nomura is proud to partner with the Revera Energy team, bringing our structuring expertise and intellectual capital to support the growth of their global platform while delivering risk-adjusted returns for all stakeholders,” said Vinod Mukani, Global Head of Nomura’s Infrastructure & Power Business (“IPB”). “Nomura remains dedicated to providing bespoke capital solutions for high-quality assets and world-class partners like the Revera team.”
Alain Halimi, Managing Director, Nomura IPB, said, “We are excited to support Revera Energy, as it brings together innovative energy solutions under Carlyle’s ownership. Revera has been very successful in developing a diverse development pipeline, which will support grid resiliency and energy transition goals across multiple jurisdictions.”
Carlyle Global Infrastructure is an integrated platform with over $7.6 billion under management, which brings together the firm’s scale, global supply chain relationships, and capabilities to capture significant infrastructure investment opportunities globally. The platform is diversified across all major infrastructure sectors, with notable investments including Copia Power (a US power and digital infrastructure company that has raised over $5 billion to support its 2,600MW operating and under-construction energy campus portfolio, as well as its multi-GW development pipeline); NineDot Energy (New York City’s leading developer of community-scale battery storage systems enhancing grid resiliency); and Crescent Midstream (which is actively developing a 1GW carbon capture project in Louisiana through its Luna Carbon Solutions business unit).
