The Carlyle Group to Partner With Alchemy Renewable Energy
New Company to Develop, Finance, Acquire, and Operate Renewable Power Generation Projects in the U.S.
“Washington, DC and Springfield, MO – Global investment firm The Carlyle Group (NASDAQ: CG) and renewable energy company Alchemy Renewable Energy today announced that Carlyle, through its newly-established affiliate Cardinal Renewables, has made a $100 million commitment to partner with Alchemy to develop, acquire, finance and operate solar power generation projects throughout the United States.
Founded in 2016, Alchemy provides an innovative full-scope approach to development and tax equity solutions for renewable power generation projects. The Company leverages the expertise and network of its parent company, Monarch Private Capital, which has placed over $1.5 billion of tax credits since 2005. Alchemy will provide asset management services, place tax equity financing, and manage all operations and maintenance services for the renewable power generation projects acquired by Cardinal Renewables.”
Click to read the full release.
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 […]
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 […]
May 3, 2017
The city becomes the 27th in the U.S. to pledge to go totally green. By Chris D’Angelo WASHINGTON — Atlanta lawmakers approved a measure on Monday aimed at powering the […]