GFH Group Invests in Invenergy Through Blackstone

Bahrain-based GFH Financial Group, has announced an investment in Invenergy, the Chicago-based energy owner, operator and developer of clean energy solutions, through investment vehicles managed by Blackstone’s infrastructure group.

Invenergy has a 20-year track record of responsibly developing, building, owning and operating wind, solar, and natural gas generation projects, and energy storage facilities. To date, Invenergy has developed more than 200 projects and 33 GW of generating capacity in the Americas, Europe, and Asia with over 2600 employees and a deeply experienced management 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 high demand.

Invenergy projects deliver reliable, affordable clean energy to meet rapidly growing electricity demand. Complementing GFH’s thematic focus, this investment benefits from energy transition trends, the 2050 Net Zero targets of the US, industrial megaprojects, and the growth of artificial intelligence.

In a disclosure with Dubai Financial Market on Monday, Hammad Younas, Group Chief Investment Officer of GFH said that in line with their focus on market-leading businesses in sectors with strong macro tailwinds, they were pleased to announce this investment.

He said that Invenergy represents North America’s premier renewable energy platform, and his company was delighted to be investing in its business through Blackstone, the world’s largest asset managers in alternative investments with expertise across sectors including infrastructure and renewable energy.

He added: “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.”

Huge Investments in US

Invenergy’s solar projects bring millions of dollars of investment into the US economy, helping to fund public schools, emergency services, and local infrastructure.

The company has recently commissioned Hardin II Solar in Ohio in the US and created more than 400 jobs during construction and will generate more than $78 million of investment in the local community through property taxes, landowner payments, wages and benefits.

Invenergy and its affiliated companies have successfully developed more than 33 GWs of projects that are in operation, construction or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects.