Copia closes on renewables revolver
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Carlyle formed Copia in 2021 to develop utility-scale sustainable infrastructure in the US by partnering with established sponsors to develop, own and operate assets. Through initial partnerships with Omaha-based developer Tenaska and Portland-based commercial and industrial renewables firm Birch Infrastructure, Carlyle aimed to deploy up to US$700m and arrange more than US$6bn in project finance to develop and expand assets. At its launch Copia acquired an approximately 6GW US solar and storage development pipeline from Tenaska.
