Investment firm Blackstone sends an additional USD 1bn in Invenergy, charged with coming up with innovative solutions to the energy industry.

And that puts Blackstone’s total investments in the company to close to USD 4bn, writes Invenergi in a press statement.

“We are proud to support the continued growth of Invenergy’s business. Invenergy has a premier platform for developing, owning, and operating clean energy projects and we are excited to continue supporting the realization of these projects and their important contribution to decarbonizing the energy sector,” says Blackstone Infrastructure senior managing director Matthew Runkle.

Invenergy shows similar excitement. 

“The additional equity capital from Blackstone will help accelerate execution of our existing project portfolio and our new business initiatives. We greatly value our long-term relationship with Blackstone and CDPQ and look forward to continuing to lead the clean energy transition with the support of these trusted partners,” says Jim Murphy, President and Corporate Business Leader at Invenergy.

Invenergy looks to leverage this investment on furthering portfolio within offshore wind, onshore wind and solar energy. The company is also committed to growing its business in the US and the rest of the globe.