EQT Acquires Copia Power From Carlyle in $2.6B AI Infrastructure Deal

Swedish investment firm EQT is acquiring Copia Power from Carlyle in a $2.6 billion deal, gaining 2.6 GW of generation and storage assets and over 9 GW of data center development pipeline. The transaction, expected to close by year-end 2026, delivers Carlyle more than a fivefold return on its investment.

Swedish investment firm EQT is acquiring Copia Power, an integrated energy and data center developer, from Carlyle in a deal valued at approximately $2.6 billion. Copia operates 2.6 GW of generation and storage and is developing 9+ GW of grid-connected data centers. The transaction, expected to close by year-end 2026, delivers Carlyle more than a fivefold return on its original investment.