Cardinal Renewables, a strategic partnership between the global investment firm, The Carlyle Group, and Alchemy Renewable Energy, an industry leader in renewable energy projects and tax equity financing, has secured a PPA with Direct Energy Business, one of North America’s largest retail providers of electricity, natural gas and home business energy-related services, through Twittys Creek Solar, supporting construction of its 14-MWAC solar power installation located in Charlotte County, Virginia.
Providing a lasting clean energy alternative to traditional fossil fuels, Twittys Creek reduces the amount of harmful carbon emissions released into the atmosphere. The new solar installation, developed by Holocene Clean Energy, is expected to be operational in December 2020.
“We are excited to expand our operations with Twittys Creek, allowing us to broaden our coverage into Virginia and launching us one step closer to the clean energy transition,” said Lacie Clark, CEO of Alchemy Renewable Energy. “The project would not have been possible without our joint venture with Carlyle, and collaboration with Direct Energy Business and Holocene Clean Energy.”
“Each of our renewable energy projects creates new power generation assets for the United States,” said Pooja Goyal, co-head of the infrastructure group at The Carlyle Group. “Twittys Creek Solar is expected to have a positive impact on the community of Charlotte County and the region by providing a clean energy source that is intended to provide efficient power delivery, improve the environment, and reduce dependency on fossil fuels.”
News item from Cardinal Renewables