Invenergy's Renewables Business Receives Additional $1 Billion Investment


June 23, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, privately held Invenergy (Chicago, Illinois) announced funds managed by Blackstone Infrastructure Partners--a unit of Blackstone Incorporated (NYSE:BX) (New York, New York)--added to its investment in Invenergy's renewable business to support its expansion. The $1 billion equity investment comes after Blackstone invested nearly $3 billion last year. Industrial Info is tracking about $40 billion worth of projects from Invenergy and its subsidiaries worldwide, with nearly 80% of the spend in the U.S., including $4.6 billion attributed to U.S. wind and solar power generation projects that have a medium-to-high probability (70-99%) of moving forward as planned.

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