Category archive: News

The Carlyle Group Raises $1.5 Billion for North American Power Generation Assets

New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has completed fundraising for Carlyle Power Partners II (CPP II) with more than $1.5 billion in commitments from a diverse group of investors globally. The fund targets power generation assets throughout North America and leverages the technical, engineering…

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The Carlyle Group to Acquire Power Generation Portfolio from IFM Investors

Purchase to Bring Carlyle’s Power Generation Assets to 5,800 Net MW   Washington, DC and New York – Global alternative asset manager The Carlyle Group (NASDAQ: CG) and global fund manager IFM Investors are pleased to announce that Carlyle has agreed to acquire Essential Power, a 1,767 net MW power generation portfolio with headquarters in…

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The Carlyle Group to Acquire Rhode Island State Energy Center

Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has agreed to acquire 100% of the interests in the Rhode Island State Energy Center (RISEC), a 583 MW natural-gas fired power plant located in Johnston, Rhode Island, from subsidiaries of Entergy Corp. (NYSE: ETR). Carlyle agreed to pay $490…

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Customized Energy Solutions Executes Agreement with Cogentrix for PJM Generation Scheduling Services

PHILADELPHIA–(BUSINESS WIRE)–Customized Energy Solutions (CES) has entered into agreements with companies managed by Cogentrix Energy Power Management, LLC (“Cogentrix”) to provide operations and dispatch support, and market scheduling and settlement services for two generation facilities in Virginia. This relationship will help enable Cogentrix to continue to expand its participation in energy markets throughout North America….

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The Carlyle Group Bolsters Power Generation Portfolio in California with Acquisition of Malaga Peaking Plant

Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has agreed to acquire the Malaga Peaking Plant located in Fresno, California. The 96 MW acquisition is being done in conjunction with Carlyle portfolio company Cogentrix Energy Power Management, LLC and increases Carlyle’s power generation assets to more than 4,400…

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