Private Equity Firms Strengthen Grip on Struggling Renewables Firms

Private equity firms and money managers are increasing their direct oversight of renewable energy startups that have been left struggling thanks to soaring demand for fossil fuels, slower-than-expected technological development and supply-chain shortages of materials and equipment. Pooja Goyal, CIO at the infrastructure subsidiary of multinational private equity, alternative asset management firm Carlyle Group, has revealed that his company has been negotiating key components on behalf of its portfolio companies. "No matter how much procurement…