Blackstone has launched a new credit platform focused on investing and lending for renewable-energy companies and those supporting the energy transition.
The Blackstone Credit’s Sustainable Resources Platform will invest across the credit spectrum in investment grade credit, non-investment grade credit, and preferred and convertible securities. It will focus on a broad range of sectors, including residential solar and home efficiency; renewable-electricity generation and storage; products, services, technologies and natural resources that enable the energy transition; decarbonized transportation; sustainability linked loans; green financings that fund environmental projects; and other energy-infrastructure investments.
Blackstone said the platform complements the firm’s existing private equity, energy and infrastructure strategies, which invest in companies that support the energy transition and climate-change solutions. It will leverage the firm’s ESG expertise.