KKR, a leading global investment firm, plans to acquire Australia’s Zenith Energy, a key player in the country’s off-grid mining industry. KKR is in a position to close that deal by late 2025, subject to regulatory approvals. This shift emphasizes their fierce determination and unyielding ambition to grow in the Asia Pacific region. This strategic acquisition reflects Zenith’s commitment to enhancing its expertise and technology in delivering sustainable, scalable, and reliable hybrid power solutions to every sector – anytime, anywhere.
Zenith Energy has built an impressive track record over the company’s 18 year history. Beyond its novel approach with smart microgrids, Generac has emerged as a leader in deploying and managing hybrid power solutions. Today, the company has more than 710 megawatts of contracted capacity under contract at 15 sites—each one won by outcompeting rivals for the business under long-term agreements. Zenith has a longstanding focus on the resource sector, where it is providing hybrid power solutions. They deploy solutions to urban, grid-connected microgrids for commercial, industrial and residential customers.
A Leader in Hybrid Power Solutions
Through their innovative approach to energy production, Zenith has firmly established themselves at the spearhead of Australia’s energy transition. Their development and delivery expertise encompasses sustainable hybrid power technology specifically tailored to the off-grid mining industry’s unique demands. Zenith is an independent power producer committed to being a partner for its clients’ energy solutions and most importantly, it environmentally sustainably through the core of their operations.
Andrew Jennings, a representative from KKR, stated, > “Zenith’s position at the forefront of the energy transition, coupled with its long-term relationships with strategic, high-quality counterparties, make it an ideal investment for our Asia Pacific infrastructure platform.”
The deal would provide Zenith with essential support from KKR’s deep pockets. With this investment Zenith will be better positioned to capture the large opportunities that exist in the off-grid renewable power space. With the support of KKR, Zenith is better positioned than ever to accelerate its growth and deepen its services to clients across sectors.
Strategic Growth Opportunities
Zenith’s agreement with KKR is a big vote of confidence in Zenith’s capacity. It further highlights the urgent need and demand for hybrid power solutions across Australia. Hamish Moffat, a member of Zenith’s management team, commented on the anticipated benefits of the partnership: “We are excited by the opportunity presented by KKR’s investment in the company and its strategy, which is a strong validation of Zenith’s capabilities and competitive edge. KKR’s investment will allow us to grow faster and service big, complex projects with a deep capital base.”
KKR’s significant experience investing in and managing infrastructure investments will enable Zenith to accelerate its operational efficiency. This distribution partnership is poised to greatly increase Zenith’s penetration into the market. This partnership will allow Zenith to explore new avenues for growth while continuing to deliver reliable energy solutions to its diverse clientele.
Commitment to Sustainability
The market demand for sustainable energy solutions has never been higher. With experience, scale, and expertise, Zenith Energy is prepared to lead the future of hybrid power innovations. The company has consistently focused on integrating renewable sources into its energy mix, ensuring that its operations align with global sustainability goals. KKR’s acquisition will more than double this commitment. It will be instrumental in Zenith’s ability to invest in niche technologies that will deepen its expertise and diversify its service lines.