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Carlyle Group Commits $100 Million to New Solar Initiative

From bnnbloomberg.ca

Carlyle Group Inc. is committing $100 million toward a new solar initiative. The Washington-based firm is partnering with clean-power company Alchemy Renewable Energy to develop, buy, finance and operate solar projects in the U.S. The initiative will focus on projects between 5 megawatts and 80 megawatts, said Pooja Goyal, head of Carlyle’s renewable and sustainable energy team and co-head of its infrastructure group. “There’s a lot of opportunity when it comes to smaller renewable-energy projects,” she said in an interview. “That part of the market is very fragmented.” Alchemy Renewable Energy is backed by Monarch ... (full story)

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