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Search resuls for: "Mubadala Investment"


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Mubadala, KKR to invest about $1 bln in Asia
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +1 min
Oct 24 (Reuters) - KKR & Co (KKR.N) and Abu Dhabi state fund Mubadala Investment Co (MUDEV.UL) said they had entered into an agreement to invest about $1 billion in Asia. The agreement, announced on Sunday, will see the two firms investing across performing private credit opportunities in the Asia Pacific region. Mubadala, which manages $243 billion in assets, said in a joint statement it would deploy its capital alongside KKR’s existing pools of capital, including capital from the KKR Asia Credit Opportunities Fund, a $1.1 billion credit investment vehicle KKR closed in May. In APAC, KKR has deployed nearly $3 billion in credit capital since 2019. The credit business in the region is part of KKR’s about $178 billion global credit platform.
"The co-operation is part of Rotterdam's ambition to supply Northwest Europe with 4.6 million tonnes of green hydrogen by 2030," it went on to add. "We are therefore setting up multiple trade lanes for green hydrogen, together with exporting countries and private businesses all over the world," he added. If the electricity used in this process comes from a renewable source such as wind or solar then some call it "green" or "renewable" hydrogen. Tuesday's announcement said Cepsa was aiming to "lead green hydrogen production in Spain and Portugal by 2030 with a production capacity of 2GW." It added that it would develop a 7 GW portfolio of renewable energy projects — including solar and wind — to produce the renewable energy required for green hydrogen generation.
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