Blackstone Injects $1B More Into Invenergy, Raising Total Stake To $4B To Propel Business Initiatives
Portfolio Pulse from AJ Fabino
Blackstone Infrastructure Partners has invested an additional $1 billion in sustainable energy solutions provider Invenergy, raising its total stake to nearly $4 billion. Invenergy plans to use the investment to accelerate growth and advance its portfolio of clean energy projects.
June 22, 2023 | 4:40 pm
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POSITIVE IMPACT
Blackstone Infrastructure Partners invested an additional $1 billion in Invenergy, raising its total stake to nearly $4 billion. This investment could strengthen Blackstone's position in the clean energy sector.
Blackstone's additional investment in Invenergy demonstrates its commitment to the clean energy sector and could lead to increased growth and returns for the company. The investment will help Invenergy accelerate growth and advance its clean energy projects, which could positively impact Blackstone's position in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Invenergy, backed by Blackstone and CDPQ, acquired American Electric Power's 1,365-megawatt unregulated, contracted renewables portfolio in a $1.5 billion deal earlier this year.
The acquisition of AEP's renewables portfolio by Invenergy, backed by Blackstone, has already taken place earlier this year. While it is mentioned in the article, it is not the main focus and does not have a direct short-term impact on AEP's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50