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Blackstone invests $1 billion in Invenergy

Invenergy receives $1 billion investment from Blackstone to support global growth. Blackstone accelerates Invenergy's clean energy projects, enhancing their long-standing relationship.

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Invenergy receives $1 billion investment from Blackstone to support expansion. Funds managed by Blackstone Infrastructure Partners have made an equity investment of around $1 billion in Invenergy Renewables Holdings LLC to support its rapid growth. This new investment complements Blackstone’s previous investments of nearly $3 billion in 2021 and 2022.

Blackstone accelerates Invenergy’s growth with a major investment

This investment is part of a plan to strengthen Invenergy’s development platform. Invenergy’s management will continue to assume day-to-day responsibility for the execution of the company’s activities.

According to Matthew Runkle, DGP of Blackstone Infrastructure: “Invenergy has a leading platform for developing, owning and operating clean energy projects. We’re excited to continue supporting the realization of these projects and their important contribution to decarbonizing the energy sector.”

Invenergy highlights its long-term relationship with Blackstone in the energy transition

The new equity capital from Blackstone will enable Invenergy to accelerate the implementation of its existing project portfolio as well as its new business initiatives. Blackstone accelerates clean energy projects at Invenergy, enhancing their long-standing relationship :

“Blackstone’s additional equity capital will accelerate the execution of our existing project portfolio and new business initiatives,” said Jim Murphy, President and Corporate Affairs Leader at Invenergy. “We place great value on our long-term relationship with Blackstone and CDPQ, and look forward to continuing to lead the transition to clean energy with the support of these trusted partners.”

Invenergy will benefit from this investment to support its global growth. The planned portfolio includes solar, wind and hydrogen projects.

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