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Carlyle to Buy Cogentrix Energy Assets From Goldman Sachs

The Carlyle Group agreed to buy energy assets from Goldman Sachs Group-backed Cogentrix, expanding its power asset management and operating expertise.

The assets include five coal and solar power projects in Florida, Virginia, Colorado and California, according to a statement today. The transaction includes Charlotte, North Carolina-based Cogentrix staff.

The value of the purchase wasn’t disclosed. The transaction, which requires regulatory approval, is expected to close during the fourth quarter of 2012.

To contact the editor responsible for this story: Jessica Resnick-Ault at jresnickault@bloomberg.net

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