Funding agency Carlyle has launched a brand new solar-focused renewable vitality platform, Telis Power, aimed toward growing tasks in key European markets.
The corporate shall be headquartered in London and led by CEO Adrien Pinsard. Telis Power will purpose to have a mission pipeline of over 10GW by 2030, targeted on photo voltaic PV within the UK, France, Spain and Germany.
Pinsard mentioned: “We look ahead to executing on a strong pipeline and figuring out additional alternatives as vitality safety wants speed up the adoption of renewable vitality.”
Earlier this month, Carlyle introduced a US$350 million funding in US photo voltaic developer Aspen Energy, and final yr it dedicated US$374 million to Canadian vitality transition platform Amp Power.
The agency mentioned that it has deployed roughly US$1.2 billion in renewable asset investments since 2018.
Its chief funding officer, Pooja Goyal, mentioned: “The launch of Telis demonstrates Carlyle’s confidence in Europe’s renewables sector and the numerous function it would play in our broader infrastructure technique.
“Leveraging Carlyle’s expertise, we imagine Telis is effectively positioned to seize rising alternatives in photo voltaic, and different renewables segments, throughout European markets, benefitting from elevated purchaser demand for scalable and well-supported improvement platforms.”