GFH Makes Strategic Investment in Invenergy via Blackstone
Deal News | Jan 12, 2025 | Zawya
GFH Financial Group, a prominent financial services company in the Gulf region, has announced its strategic investment in Invenergy, a leading privately-held clean energy company. This investment is made through Blackstone’s infrastructure unit, which is known for managing substantial investment vehicles. Invenergy, headquartered in the U.S., has a patrician history in developing, building, and running wind, solar, and natural gas generation projects, along with energy storage facilities across various regions, including the Americas, Europe, and Asia. The company has more than 200 projects with a generating capacity exceeding 33 GW under its belt. Invenergy operates transmission lines that play a fundamental role in moving electricity from production sites to demand areas. The investment aligns with GFH's focus on sectors with promising outlooks, positioning well with trends such as energy transition and the US's net-zero targets by 2050. Hammad Younas, GFH’s Group Chief Investment Officer, expressed enthusiasm over the investment due to Invenergy's standing as a principal renewable energy platform in North America. GFH aims to leverage Invenergy's strong growth trajectory and the favorable US macroeconomic environment supporting renewable energy investments.
Sectors
- Renewable Energy
- Financial Services
- Infrastructure Investment
Geography
- United States – Invenergy is headquartered in the U.S., and the investment leverages U.S. trends in renewable energy.
- Gulf Cooperation Council (GCC) – GFH Financial Group, based in Bahrain, operates primarily across the GCC, North Africa, India, and has strategic interests in the U.S., Europe, and the U.K.
Industry
- Renewable Energy – The article involves Invenergy, a developer and operator of wind, solar, and natural gas generation projects, highlighting its central role in the renewable energy industry.
- Financial Services – GFH Financial Group is part of the financial services sector, with a focus on investment management, commercial banking, treasury, and proprietary investments.
- Infrastructure Investment – Blackstone's involvement indicates a focus on infrastructure investment, particularly in clean and renewable energy projects.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GFH Financial Group B.S.C. | Investor | Company | A leading financial group based in the Gulf region, involved in investment management and other financial services. |
| Blackstone | Investment Manager | Company | One of the world's largest asset managers, known for expertise in alternative investments including infrastructure and renewable energy. |
| Invenergy | Target Company | Company | The largest privately-held developer, owner, and operator of clean energy solutions, developing numerous renewable energy projects globally. |
| Hammad Younas | Group Chief Investment Officer | Person | Chief Investment Officer at GFH Financial Group, commenting on the strategic investment decision. |
| FinMark Communications | Media Contact/PR | Company | Handles media communications for GFH Financial Group. |
| Zahraa Taher | Managing Director, Media Contact | Person | Managing Director at FinMark Communications, handling media inquiries for GFH. |