- Carlyle has agreed to sell Copia Power to EQT.
- Copia owns more than 2.6 GW of energy assets and over 9 GW of data centre capacity under development.
Fact
Carlyle has agreed to sell Copia Power, a US developer of power and data centre infrastructure, to EQT Infrastructure VII. The deal is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions. Financial terms were not disclosed.
Copia was founded by Carlyle in 2021 and develops power generation, energy storage, transmission infrastructure, and grid-connected data centres across the United States. The company has more than 2.6 GW of generation and storage assets in operation or under construction and over 9 GW of data centre capacity under development.
Its projects combine power generation, transmission, and data centre capacity within the same development programme. The acquisition transfers this development platform to EQT.
Assessment
The acquisition places an integrated power and data centre development business under new infrastructure ownership without changing how projects are developed.
Copia plans power infrastructure and data centre capacity as parts of the same projects rather than separate developments. This brings power infrastructure into the planning and delivery of new data centre sites from the start.
For BTW readers, the deal focuses on how power infrastructure is being developed alongside new data centre capacity. Copia’s model combines both within the same project rather than treating them as separate developments.
What to watch
Watch for completion of the acquisition and announcements of Copia’s priority development projects. New integrated campus projects will show how EQT expands the portfolio after the acquisition.