M&A: Copia Power receives multiple bids in auction process
*This story was originally published exclusively for NPM subscribers.
New Project Media (NPM) is a leading market intelligence & data platform covering US & European power, renewables & data markets and serving the development, finance, advisory & corporate community. Click here to schedule a demo or learn more.
Multiple bids have been submitted into Copia Power’s auction process, said sources familiar with the situation.
The finalists so far include a mix of infrastructure funds, strategic bidders, and tech firms, the sources said.
While the first-round bid deadline has passed, additional bids are still expected to be submitted, added those same sources.
A deadline for second-round bids had not been set as of press time.
Copia Power declined to comment.
The company hired JP Morgan and Guggenheim Securities to run the process, which formally kicked off in 1Q26.
The Carlyle Group launched Copia Power in June 2021 and later merged it with Birch Infrastructure in October 2022.
Copia, an integrated power and data center developer, commercializes grid-scale solar-and-storage projects while also building transmission lines and clearing permits for prospective data center development.
The company then plans to develop the data center component in a joint venture with a data center developer on a 50:50 basis, NPM reported previously.
At present, Copia has seven priority campuses planned for Indiana, Arizona and Idaho.
Meanwhile, NPM Interconnection queue data is tracking 12 pre-operational renewable energy and gas projects being developed by Copia.
Trusted by 450+ companies including
