Financial PerformanceManagement reaffirmed its long term guidance and is confident it is on track to add ~$2B of new transactions this year.
Market PositionThe business is benefiting from several tailwinds including interest rate cuts, strong demand for renewable energy project financing, visibility afforded partly from the IRA, and recently being upgraded to an Investment Grade corporate issuer.
Partnership BenefitsKKR partnership is on track, reducing HASI’s capital needs and earning an upfront fee for KKR’s portion of investments.