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.