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EQT Buys Copia Power for $2.6B

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EQT has acquired solar and energy storage developer Copia Power from Carlyle for $2.6 billion. This deal is a strategic move for EQT, bolstering its existing AI infrastructure portfolio. The acquisition aims to integrate Copia's capabilities with EQT's other holdings, such as EdgeConneX, Zayo, and OX2.

The partnership between EQT and Copia's management team will focus on scaling the platform, fast-tracking development projects, and expanding Copia's integrated campus model throughout the United States. This expansion is designed to create synergies across power, connectivity, and digital infrastructure.

This transaction underscores EQT's commitment to building out a comprehensive AI infrastructure ecosystem. Investors should monitor how EQT leverages this acquisition to drive growth and create value within its diverse technology and energy assets.