DJIA52002.41 -175.28
S&P 5007659.44 -84.62
NASDAQ26140.03 -572.99
Russell 20002721.37 -45.90
German DAX25622.61 239.99
FTSE 10010881.90 41.55
CAC 407956.70 22.00
EuroStoxx 506203.55 32.40
Nikkei 22565324.29 898.34
Hang Seng24186.83 124.11
Shanghai Comp3716.28 8.80
KOSPI5668.05 113.83
Bloomberg Comm IDX144.42 0.53
WTI Crude-fut109.69 4.08
Brent Crude-fut101.84 4.31
Natural Gas3.12 -0.09
Gasoline-fut3.24 0.10
Gold-fut4186.70 -5.60
Silver-fut57.13 -0.47
Platinum-fut1639.70 4.10
Palladium-fut1115.00 -16.50
Copper-fut6.56 0.00
Aluminum-spot3195.00 0.00
Coffee-fut305.55 6.85
Soybeans-fut1260.50 -3.75
Wheat-fut659.75 -9.50
Bitcoin81677.46 -813.88
Ethereum USD2421.45 -38.86
Litecoin59.56 -1.23
Dogecoin0.08 0.00
EUR/USD1.1198 0.0070
USD/JPY158.27 -0.60
GBP/USD1.3255 0.0107
USD/CHF0.8296 -0.0085
USD IDX101.78 -0.23
US 10-Yr TR5.079 -0.008
GER 10-Yr TR3.4206 0.0114
JAP 10-Yr TR2.937 0.001
Fed Funds4 0
SOFR3.89 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Latest News  + Alternative Assets  + Markets  + Real Assets  |  June 23, 2023
Blackstone Raises Investment to $4B in Invenergy Renewables
Joe Palmisano
By: Joe Palmisano

Blackstone Ups Investment to $4B in Invenergy Renewables

Blackstone Infrastructure Partners has made a roughly $1 billion follow-on equity investment in Invenergy Renewables Holdings LLC, a developer, owner and operator of sustainable energy services.

The investment by the alternative asset manager adds to its previously announced $3 billion capital infusion in the renewables business of Invenergy in 2021 and 2022.

Invenergy Renewables is owned by Canadian pension fund company Caisse de dépôt et placement du Québec (CDPQ), Blackstone Infrastructure Partners and Invenergy’s management.

The additional capital will help Chicago-based Invenergy accelerate the execution of its existing project portfolio as well as its new business initiatives, according to Jim Murphy, president and corporate business leader at Invenergy.

Invenergy and its affiliates claim to have developed over 30GW of projects that are in operation, construction, or contracted, including solar, wind, transmission infrastructure, natural gas-fired power generation and advanced energy storage facilities.

In 2022, the company entered the community solar market by partnering with investment platform Lafayette Square to form a joint venture to develop and operate PV plants through its Reactivate venture.

Connect

Inside The Story

Blackstone Infrastructure PartnersInvenergy Renewables

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints