Aspen Power Partners Acquires Safari Energy; Carlyle Commits $350M to Aspen

November 3, 2022

Aspen Power Partners acquired Safari Energy, LLC from PPL Corporation and gained Safari's 220 MW portfolio and development platform. The transaction was announced alongside a $350 million investment in Aspen from funds managed by The Carlyle Group to support Aspen's organic growth and acquisition-driven strategy to reach gigawatt scale.

Buyers
Aspen Power Partners LLC, The Carlyle Group
Targets
Safari Energy, LLC
Sellers
PPL Corporation
Platforms
Aspen Power Partners LLC
Industry
Renewable Energy
Location
New York, United States
Transaction Type
Addon

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