Blackstone Inc said on Friday 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.
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) and Invenergy management remain majority owners of the company, while Invenergy will continue as managing member.
Read more/Source: Reuters
