US Blackstone invests $3bn in Invenergy in renewable push

Arab News | Jan 9, 2022 at 10:11 AM
  • The Blackstone Group injected $3 billion in Invenergy, a US multinational focused on power generation development and operations, in green push, Bloomberg reported.
  • This follows the alternative asset manager giant’s $13 billion commitment in 2019 to back clean energy transition and Invenergy — being a leader in the renewable energy sector — posed a lucrative investment spot.
  • Projects undertaken by the independent renewable developer managed to neutralize 167 million tons of carbon dioxide.