Blackstone Infrastructure Partners makes $1 billion follow-on equity investment in Invenergy Renewables Holdings LLC

Blackstone Infrastructure Partners' $1 billion follow-on equity injection into Invenergy Renewables Holdings LLC, announced on June 21, 2023, directly targets the rapid acceleration of a substantial 19 GW hybrid pipeline within the United States. This capital deployment provides critical growth funding for Invenergy's wind, solar, and battery projects. The investment structure, as a follow-on equity infusion, demonstrates Blackstone's deepening commitment and confidence in Invenergy's execution capabilities and market position. This funding specifically enables Invenergy, a leading North American developer, to expedite its development efforts across its U.S. portfolio, capitalizing on the demand for diversified renewable energy assets. As the world's largest alternative asset manager, Blackstone's continued investment in Invenergy aligns with its mandate to build strong businesses delivering lasting value for institutional and individual investors. Invenergy Renewables Holdings LLC, with over 30 GW of developed wind, solar, and battery storage projects across the US and Canada, presents a proven platform for Blackstone's infrastructure capital. This $1 billion follow-on investment allows Invenergy to leverage its extensive track record and existing development expertise to bring its 19 GW U.S. pipeline to fruition more rapidly. The transaction reinforces Blackstone's focus on dynamic sectors like hybrid renewable energy development in North America, solidifying Invenergy's position as a major developer within the United States.