Chicago-based Invenergy, a privately-held developer, owner and operator of sustainable energy solutions, announced on Wednesday that funds managed by Blackstone Infrastructure Partners (NYSE:BX) made an additional $1 billion equity investment in the company.

The investment adds to the nearly $3 billion Blackstone invested in Invenergy’s Renewables business in 2021 and 2022, bringing its total investment to nearly $4 billion.

"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," Blackstone Infrastructure Senior Managing Director Matthew Runkle said in a press release.

The acquisition included 14 projects spread across 11 states, consisting of 1,200 MW of wind generation and 165 MW of solar projects.

Invenergy’s ownership now includes Blackstone, CDPQ, and Invenergy’s management team, who will continue to manage day-to-day operations. Jim Murphy, President and Corporate Business Leader at Invenergy said, "the additional equity capital from Blackstone will help accelerate execution of our existing project portfolio and our new business initiatives."

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