Blackstone Infrastructure Partners has made an approximately $1 billion equity investment in Invenergy Renewables Holdings LLC, a privately-held developer, owner and operator of sustainable energy services.
Invenergy will use this additional investment to support the continued growth of the company in the U.S. and around the world, as well as its portfolio of projects which includes solar and land-based wind farms, energy storage facilities, offshore wind projects, direct current interregional transmission lines, clean hydrogen initiatives, solar panel manufacturing and a growing community solar business through its Reactivate venture. The investment builds on Blackstone’s nearly $3 billion investment in Invenergy in 2021 and 2022. Invenergy’s ownership includes Blackstone, CDPQ and Invenergy management. Invenergy management will continue as managing member of the company with day-to-day responsibility for execution of the business.
“The additional equity capital from Blackstone will help accelerate execution of our existing project portfolio and our new business initiatives,” states Jim Murphy, president and corporate business leader at Invenergy.