GFH Financial Group today announced an investment in the Chicago-headquartered Invenergy, the largest privately-held developer, owner, and operator of clean energy solutions.
The investment, of undisclosed value, was made through vehicles managed by Blackstone’s infrastructure group.
Invenergy has a 20-year track record of developing, building, owning and operating wind, solar, and natural gas generation projects, and energy storage facilities. The company has developed more than 200 projects and 33 GW of generating capacity in the Americas, Europe, and Asia. It has over 2600 employees and an experienced leadership team.
The company also invests in transmission lines essential to connecting generation and energy storage capacity, moving power long distances across regions from where it’s produced to areas of demand.
Complementing GFH’s thematic focus, this investment benefits from energy transition trends, the US’s 2050 Net Zero targets, industrial megaprojects, and the growth of artificial intelligence.
Hammad Younas, Group Chief Investment Officer of GFH, commented: “In line with our focus on market-leading businesses in sectors with strong macro tailwinds, we’re pleased to announce this investment.
“Invenergy represents North America’s premier renewable energy platform, and we are delighted to be investing in their business through Blackstone, the world’s largest asset managers in alternative investments with expertise across sectors including infrastructure and renewable energy.
“In line with our impact investing strategy, Invenergy comes with a high conviction investment theme. The current macro environment in the US creates a favourable backdrop for renewable energy investments, while generating stable and recurring cash flows stemming from strong growth in development pace and renewables demand.”
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