Blackstone to Invest $3 Billion in Invenergy Renewables

Blackstone's investment will provide capital to accelerate Invenergy's renewables development activities, the company said in a statement.

Reuters

Blackstone Inc. said on Dec. 7 it would invest about $3 billion in Invenergy Renewables Holdings LLC, the largest private renewable energy company in North America.

The world's largest manager of alternative assets such as private equity and real estate has been seeking to bolster its sustainability credentials as investors increasingly question companies on their impact on the environment and workers.

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