The Carlyle Group agreed to invest in $100m in Alchemy Renewable Energy, a renewable energy company, in a partnership to develop, acquire, finance and operate solar power generation projects throughout the United States. "Investing in differentiated and proven development platforms is a key focus of our strategy at Carlyle. We are proud to be working with Alchemy’s innovative team, whose current portfolio of projects can help to offset emissions from nearly 100k passenger cars annually. We’re confident that our combined capabilities will propel Cardinal Renewables’ growth and drive positive commercial and environmental outcomes," Pooja Goyal, Carlyle Head of Renewable and Sustainable Energy Team and Co-Head of Infrastructure Group.