CLIMATE RESILIENCE Cardinal Renewables Case Study
Carlyle’s 2020 Impact Report
Electricity generation is one of the largest sources of global greenhouse gas emissions, accounting for approximately 28% of U.S. emissions alone – almost two-thirds of our electricity comes from burning fossil fuels. As renewable energy costs continue to fall, regulations tighten, and the energy transition accelerates, however, there is a large and growing investment opportunity in building the renewable energy capacity required to power a lower-carbon US electricity grid.
In 2019 Carlyle’s Renewable and Sustainable Energy Platform led a $100 million commitment to partner with Alchemy Renewable Energy on a newly-established company, Cardinal Renewables, to develop, acquire, finance and operate solar power generation projects throughout the United States – including a dozen operating assets and a pipeline of development projects.
Partnering with Carlyle’s best in class Renewable and Sustainable Energy team opens distinctive opportunities to drive forward the energy transition. Our combined deep market expertise and Carlyle’s long-standing relationships with corporations and utilities will be instrumental in enhancing project, and economic, value creation.Lacie Clark, CEO of Alchemy Renewable Energy
Dec 9, 2020
The Accelerate membership program is made possible by founding support from Amazon Web Services and Berkshire Hathaway Energy Foundation, and is sponsored by BayWa r.e. and Monarch Private Capital […]
Cardinal Renewables, A Strategic Partnership Between The Carlyle Group And Alchemy Renewable Energy, Secures PPA with Direct Energy Business
Nov 13, 2020
Developer, Holocene Clean Energy, commences construction of Twittys Creek Solar, LLC, a 14-megawatt-AC solar installation located in Charlotte County, Virginia Cardinal Renewables, a strategic partnership between the global investment firm, The […]
Apr 29, 2020
PV MAGAZINE, JEAN HAGGERTY Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021, but much will depend on whether the Covid-19 disruption is short lived […]