Carlyle Group Buys Eight Solar Projects in Maine

Carlyle Group Inc. has acquired eight solar projects in Maine as the asset manager seeks to capitalize on New England’s expanding renewable-energy market.

The projects are expected to cost more than $130 million to build and will deliver 100 megawatts of solar-power capacity, enough to supply 19,000 Maine homes, Carlyle said. Construction on the projects started in June, and the total expected cost includes what has already been spent on their development.

Source: Wall Street Journal