Blackstone has announced that funds managed by Blackstone Infrastructure Partners entered into a definitive agreement with Caisse de dépôt et placement du Québec (CDPQ) and Invenergy for an approximately $3 billion equity investment in Invenergy Renewables Holdings, the largest private renewable energy company in North America.
Blackstone’s investment will provide capital to accelerate Invenergy’s renewables development activities. CDPQ and Invenergy management remain majority owners of the company and Invenergy will continue as managing member.
“Blackstone is committed to investing behind the energy transition and Invenergy is the clear independent leader in the renewable energy sector,” said Sean Klimczak, global head of infrastructure at Blackstone. “We look forward to a long-term partnership with the Invenergy and CDPQ teams and are excited to invest alongside them to support the accelerated build-out of Invenergy’s clean energy portfolio.”