Mubasher: Cross-listed GFH Financial Group has made an investment in Invenergy, the largest privately-held developer, owner, and operator of clean energy solutions, with headquarters (HQ) in the US.
The transaction was carried out through investment vehicles managed by Blackstone’s infrastructure group, according to a press release.
Group Chief Investment Officer of GFH, Hammad Younas, said: “In line with our focus on market-leading businesses in sectors with strong macro tailwinds, we’re pleased to announce this investment.”
Younas noted: “Invenergy represents North America’s premier renewable energy platform, and we are delighted to be investing in their business through Blackstone, the world’s largest asset managers in alternative investments with expertise across sectors including infrastructure and renewable energy.”
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.
Younas concluded: “In line with our impact investing strategy, Invenergy comes with a high conviction investment theme. The current macro environment in the US creates a favorable backdrop for renewable energy investments, while generating stable and recurring cash flows stemming from strong growth in development pace and renewables demand.”
It is worth noting that Invenergy has developed more than 200 projects and 33-gigawatt (GW) of generating capacity in the Americas, Europe, and Asia with over 2600 employees and management team until the present time.
The company also invests in transmission lines essential to connecting generation and energy storage capacity, moving power long distances across regions from where it is produced to areas of high demand.
It is worth noting that during the first nine months (9M) of 2024, the net profit attributable to shareholders of GFH reached $87.95 million compared with $78.92 million in 9M-23.
