Global investment firm Carlyle has launched Revera Energy, a new energy infrastructure platform focused on developing, building, owning, and operating renewable energy, energy storage, and green hydrogen projects in Australia and the United Kingdom.
Revera Energy will be established by carving out a portfolio of assets from Amp Energy, a renewables developer backed by Carlyle. The platform will oversee a significant pipeline of projects, including more than 750 megawatts (MW) of battery energy storage systems (BESS), 2.3 gigawatts (GW) of solar PV, and 1.4GW of wind generation in Australia. The projects are all located within the country’s National Electricity Market (NEM).
The portfolio includes the 250MW/700MWh Bungama BESS project in South Australia. Amp Energy previously reached financial close on the project in February 2025, with the site expected to begin operations in early 2026. Additional solar projects include the 120MW Hillston solar plant in New South Wales and large-scale developments in South Australia, such as the 388MW Yoorndoo Illga solar-plus-storage project and a 1.3GW renewable hub.
Revera will also take ownership of the 1GW Cape Hardy green hydrogen and ammonia project on South Australia’s Eyre Peninsula. The project aims to utilize wind and solar energy to produce green hydrogen and ammonia for domestic and export markets.
In the UK, Revera will acquire over 1.2GW of late-stage BESS projects intended to bolster grid resiliency. While details on the UK portfolio remain limited, Carlyle said the assets represent a significant opportunity to enhance the country’s energy security.
“Revera marks a new growth phase for the platform’s dedicated staff and leadership team, and strengthens existing project commitments,” said Richard Hoskins, chairman of Revera Energy and managing director in Carlyle’s Infrastructure Group. “We believe Revera will leverage Carlyle’s expertise and resources to accelerate its expansion across priority markets.”
Carlyle also noted that Revera will benefit from existing relationships with major financial institutions, including Nomura Infrastructure & Power, the Commonwealth Bank of Australia, Westpac Institutional Bank, Natixis CIB, and Export Development Canada.
