Carlyle Group Acquires Majority Stake in Aspen Power Partners for $350 Million

Carlyle said its investment would fund the expansion of Aspen Power, which is aiming to acquire renewable energy projects across the United States.

November 8, 2022

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Carlyle, a global investment firm acquired majority stake in Aspen Power Partners, a distributed generation platform focused on solar and storage assets across the U.S. for $350 million. The investment supports Aspen’s organic and acquisition-driven growth strategy targeting the community, multifamily, and commercial & industrial solar and storage markets.

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