The Carlyle Group to Partner With Alchemy Renewable Energy

January 28, 2020
Company Announcements 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.

Related Posts

Monarch Private Capital Joins SEIA’s Board of Directors

Monarch Private Capital Joins SEIA’s Board of Directors

Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages a diversified portfolio of projects that generate both federal and state tax credits, is pleased to […]

Read More

Company Announcements ESG Renewable Energy

National Solar Trade Association Expands Board of Directors at Pivotal Moment for Solar Industry

National Solar Trade Association Expands Board of Directors at Pivotal Moment for Solar Industry

WASHINGTON, D.C. — Four companies, CEP Renewables, Kiewit Energy Group, Monarch Private Capital, and Moss & Associates, are joining the board of directors of the Solar Energy Industries Association (SEIA). […]

Read More

ESG Renewable Energy

Logansport Solar Farm Site Visit

Logansport Solar Farm Site Visit

By Matt Davis, Director of Tax Credit Investments I recently visited the Logansport solar farm with Alchemy Renewable Energy construction manager Christian Thompson located in Logansport, Indiana. It was interesting […]

Read More

Perspective and Insights Renewable Energy

See More News

Contact us for more information about ESG Investing, state and federal tax credits.