EQT acquires solar developer Copia from Carlyle for $2.6bn
The acquisition brings a utility-scale solar and energy storage developer serving grid operators and commercial customers into EQT’s AI infrastructure and energy transition portfolio.
Takeaways
- Carlyle is exiting Copia through a sale to EQT.
EQT has acquired utility-scale solar and energy storage developer Copia from Carlyle in a $2.6 billion deal, adding a developer of large-scale projects for grid operators and commercial customers to its energy transition portfolio.
Copia develops solar and storage assets that support the growing electricity demands of AI data centers and other infrastructure.
The platform joins EQT’s expanding suite of AI infrastructure holdings, which includes EdgeConneX, Zayo, Zelestra, OX2, Madison Energy, Cypress Creek Energy, and Scale Microgrid.
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