Carlyle launches multi-billion renewables venture

Private equity firm Carlyle Group has formed a new unit, Telis Energy, to build solar and other renewable energy plants.

Adrien Pinsard, a former partner at Platina Partners and more recently the interim chief executive of Macquarie’s Cero Generation platform, has been appointed CEO of the new business.

He wrote on Linkedin that the company would support the “next generation of energy transition entrepreneurs”.

He also thanked Carlyle Group for backing the platform. The investment firm manages around $15bn of infrastructure assets and has invested $1.2bn in renewable energy assets since 2018, according to Reuters.

Subsidiaries already established under the Telis Energy brand include Telis Energy UK, which aims to build a multi-gigawatt portfolio in the UK.

It is being headed by Florent Leblanc, who founded UK solar and storage developer Novergy in 2018 and has previously held roles at NextEnergy Capital and Octopus Investments.

Telis’ French subsidiary, Terapolis, is being headed by Carole Descroix who has held previous roles at Eclairance, Neoen and EDF. The company is aiming to partner with communities to build out 2.5GW of utility-scale projects by 2028.

Carlyle did not say how much it expected to spend to reach a targeted project pipeline of 10 gigawatts by 2030 for the new unit. 

Carlyle Infrastructure manages assets worth about $15 billion in the power, energy, transport, digital and water sectors.

In Europe, Telis Energy will focus on the UK, France, Spain and Germany, and is seeking to partner with local developers or potentially acquire some development platforms.

The move follows that by Australia’s Macquarie Group, which launched an offshore wind farm developer last year, Canadian pension fund Ontario Teachers’ Pension Plan agreeing to invest up to $1 billion in the business to develop projects around the world.