White & Case Advises Invenergy on US$3 Billion Investment from Blackstone
1 min read
Global law firm White & Case LLP has advised the Managing Entity of Invenergy Renewables on its entry into a definitive agreement for an approximately US$3 billion equity investment from Blackstone Inc. (NYSE: BX), the world's largest alternative asset manager. Blackstone's investment is one of the largest renewable investments in North American history, and will provide significant capital to drive and accelerate the build-out of Invenergy’s clean energy platform.
Invenergy Renewables is one of the largest and most well-respected renewable energy developments, with more than 175 projects totaling nearly 25,000 megawatts developed across four continents, and with focused long-lasting partnerships with utilities, financial institutions, and commercial and industrial customers.
Caisse de dépôt et placement du Québec (CDPQ) and Invenergy management remain majority owners of Invenergy Renewables.
The White & Case team was led by partner Gary Silverman (Chicago), and included partners Tal Marnin and Scott Fryman (both in New York), and associates Hannah Craft (Houston) and Keith Boeker (Chicago).
White & Case was ranked #1 by value Globally and in the United States for Infrastructure, Energy and Power, according to Infralogic 2021.
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