Copia Power (Copia) has completed a strategic merger with Birch Infrastructure’s (Birch) renewable energy business, building on a multi-year partnership between the two firms.
Copia is a renewable development platform formed in 2021 by global investment firm Carlyle (NASDAQ: CG) to develop and operate large-scale renewable energy projects and seek to play a significant role in the US energy transition. Copia believes that the integration strengthens the platform and reconnects a leadership team that has developed and constructed over 3.5 GW of renewable assets together.
Following the integration, Copia will have 35 employees located nationwide across nine states. Construction on the first 450 MWAC project in the West is expected to begin in early 2023 and a follow-on project totalling 500 MWAC with 1,000 MWhs of energy storage is expected to start later in 2023. The two projects will require more than $2.2 billion of capital and are projected to reach commercial operation in late 2024 and early 2025, respectively. Copia has an additional pipeline of over 16 GW of renewable energy development assets that are concentrated in the WECC and PJM markets.
Read more: Private Equity Wire
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