Blackstone Infrastructure to invest up to €2 billion in Eurowind Energy

Blackstone Infrastructure agreed to invest up to €2 billion (USD 2.16 billion) in Eurowind Energy, a pan-European renewable energy developer and independent power producer headquartered in Hobro, Denmark. The investment will support Eurowind’s development pipeline across 16 European markets, including onshore wind, solar, battery storage, and biogas projects, with the company targeting three to four times more capacity additions than its current pace. Eurowind Energy, founded in 2006 by CEO Jens Rasmussen, Søren Rasmussen, and Jakob Kortbæk, will continue to be led by Rasmussen, who remains invested alongside Norlys, Denmark’s largest integrated energy and telecoms group. The transaction is expected to close before the end of 2026, subject to customary conditions, and aims to accelerate Europe’s energy infrastructure build-out amid rising power demand driven by electrification, AI, reindustrialisation, and energy security needs. Blackstone highlighted Eurowind’s vertically integrated renewables platform as a key reason for the investment, noting the company’s expansion across European markets and its role in supporting the continent’s transition to self-sufficient, stable energy. Advisory roles were distributed among major financial and legal firms, with Barclays, Nomura Greentech, and Santander advising Blackstone on the M&A process, while Latham & Watkins and HortenDahl provided legal counsel to the buyer.

Counterparts (12)

Sell-Side Advisor

EWE Holding

company · 1 deals

Oldenburg-based German energy utility and infrastructure developer focused on renewable energy, grid networks, telecommunications, and hydrogen storage across Germany.

ABG Sundal Collier

company · 1 deals

ABG Sundal Collier is a Nordic investment bank. The company provides financial services including investment banking, research, sales and trading.

Buy-Side Advisor

Santander

company · 5 deals

Banco Santander is a global financial institution offering a range of services including retail banking, corporate and investment banking, asset management, and consumer finance. The company focuses on building lasting loyalty among its shareholders and supporting education, employability, and entrepreneurship.

Barclays

company · 5 deals

Barclays is a diversified bank with a strategy to achieve net zero emissions by 2050. It focuses on financing clients' transition to sustainable practices and scaling climate technology.

Nomura Greentech

company · 2 deals

Nomura Greentech is a global investment bank specializing in M&A and private placement advisory for the sustainable technology and infrastructure sectors. With over 200 transactions advised globally, the firm focuses on renewable energy, energy transition, and cleantech across North America, Europe, and Asia.

Buy-Side Legal

Latham & Watkins

company · 10 deals

Latham & Watkins is a global law firm that advises businesses and institutions. They bring together legal talent in major jurisdictions to shape deals and resolve disputes.

HortenDahl

company · 1 deals

Developer

Eurowind Energy

company · 2 deals

Eurowind Energy is a Danish company specializing in the development, construction, and operation of renewable energy parks. Their activities span across wind, solar, hydrogen, biogas, power to heat, and battery solutions, with operations in 16 markets across Europe and the USA.

parent_company

Norlys

company · 1 deals

Aalborg-based European energy trading company specializing in renewable energy PPAs, route-to-market services, and energy certificate trading with operations across Denmark, Germany, and Singapore.

Sell-Side Legal

Accura

company · 2 deals

Kromann Reumert

company · 1 deals

Copenhagen-based full-service law firm providing legal advisory services across Danish and EU corporate law, with a focus on infrastructure and energy sector transactions.

Investor

Blackstone Infrastructure

company · 1 deals

Blackstone Infrastructure Partners manages over $40 billion in AUM, deploying capital globally across digital infrastructure, energy transition, transportation, and logistics assets. Key investments include Phoenix Tower International and Invenergy.