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Seb Kennedy's picture
Founding Editor, Energy Flux newsletter

I am professional energy journalist, writer and editor who has been chronicling the renewables and fossil fuel energy sectors since 2008.  I am passionate about the energy transition, so much so...

  • Member since 2020
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  • Apr 6, 2021
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If you were in any doubt about the critical role that energy infrastructure will play in delivering the energy transition, look no further than deals being done by private equity investors seeking exposure to this segment.

Sempra Energy yesterday struck a pretty big deal to sell global investment firm KKR a 20% stake in its new North American infrastructure division for $3.37 billion, valuing the enterprise at more than $25 billion (including $8.37 billion of asset debt).

That's the lead story in today's Energy Flux, the premium newsletter of choice for discerning energy transition aficionados. Sign up for a free trial today (ends this week) at: www.energyflux.news

Discussions
Matt Chester's picture
Matt Chester on Apr 6, 2021

The energy transition is not without risks, and private equity investors know this. KKR has negotiated its way out of funding any of SIP’s infrastructure projects it doesn’t like the look of, including legacy investments that aren’t paying off.

What about risks to the grid like cybersecurity or reliability-- would major events on the grid be something to hit these private investors? 

Michael Keller's picture
Michael Keller on Apr 12, 2021

Strikes me more as “Show me the government subsidy” 

Seb Kennedy's picture
Thank Seb for the Post!
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