Wins McNamee/Getty Images News
Carlyle Group (NASDAQ:CG) is exploring a sale from North Carolina-based power plant developer Cogentrix Energy for between $3 billion and $4 billion, generating a huge windfall for the private equity group's infrastructure arm. Financial times reported on Friday.
Cogentrix owns the majority and minority stakes in ~73 gas, coal, wind and renewables projects and sites, roughly doubling its assets since it acquired the group from Goldman Sachs in 2012, acquiring or purchasing stakes in projects including oil drilling sites in Texas, hydroelectric power in Massachusetts and wind farms in upstate New York.
Investment bankers and lawyers say investors are looking to buy and invest in power plants, driven by speculation that data centers and digital infrastructure used to power artificial intelligence will cause unprecedented energy demand .
