By Kimberly Chin
Blackstone Infrastructure Unit Ltd. has agreed to invest $ 3 billion in Invenergy Renewables Holdings LLC, as the private investment firm is more supportive of the clean energy transition.
The investment will help Invenergy develop its clean energy platform, the companies said in a joint statement.
The management of Invenergy and Caisse de dépôt et placement du Québec, one of Canada’s largest public pension schemes, will remain the majority owners of the company. Invenergy will continue to be a board member, the companies said.
Invenergy from Chicago is an energy developer with over 175 projects on four continents. The projects could run the equivalent of 8.5 million homes, it was written. Invenergy has long-term partnerships with service companies, financial companies and commercial and industrial customers.
Blackstone has invested $ 13 billion to support the clean energy transition since 2019, it was reported. Blackstone has plans to reduce carbon emissions by 15% in the first three years of owning all of its new investments and where it has the ability to control energy use.
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