Avantus
PV power plants manufacturer
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June 2024 | Completed the acquisition by KKR three months after the initial announcement. |
March 2024 | Announced that US private equity company KKR acquired a majority stake in the company for an undisclosed amount, two years after being rebranded as Avantus. |
2022 | Secured $400 million in financing from institutional investor EIG, in the same year the University of California filed a lawsuit against the firm. |
2020 | Received investments from the University of California system, J.P. Morgan Asset Management, and Upper Bay Infrastructure Partners to fund solar project development. |
2019 | Signed a 25-year pact with Los Angeles Department of Water and Power. |
July 2019 | Sold the Holstein solar project to Duke Energy, marking the company's first completed development in Texas, featuring approximately 709,000 solar panels on 1,300 acres in Wingate, Texas. |
2018 | Raised $200 million through a joint venture with J.P. Morgan Asset Management and Upper Bay Infrastructure Partners for its pipeline of utility-scale solar projects. |
2014 | Kern County Board of Supervisors approved development of Redwood Solar Farm, which received a $30 million investment from Macquarie Capital. |
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