Blackstone Infrastructure Partners has entered into a definitive agreement to invest €2 billion in Eurowind Energy, a pan‑European renewable‑energy developer and independent power producer. The investment will give Blackstone a 24.7% ownership stake in Eurowind, which is jointly owned with Denmark’s Norlys. The deal is expected to close before the end of 2026 and will provide Eurowind with the capital needed to accelerate its development pipeline across 16 markets.
Eurowind Energy, founded in 2006, operates a diversified portfolio that includes onshore wind, solar, battery storage and biogas projects. The company employs roughly 700 people and manages a development pipeline of about 55 GW, positioning it as one of the largest independent power producers in Europe. Its joint ownership structure with Norlys, the country’s largest integrated energy and telecoms group, provides a stable partnership base for scaling new projects.
Blackstone’s infrastructure arm, which manages a $42.2 billion portfolio, has recently closed its largest infrastructure secondaries fund, Strategic Partners Infrastructure IV, at $5.5 billion. The firm’s overall infrastructure fund, Blackstone Infrastructure Partners, now stands at $77 billion and has delivered 18% net returns annually since inception. Blackstone has set a target to invest over $500 billion in European assets by 2035, underscoring its long‑term commitment to the region’s energy transition.
The investment is strategically timed to meet the projected surge in European power demand, which is expected to grow more than 3% annually through 2040. Drivers such as electrification, artificial intelligence, re‑industrialization and heightened energy security are accelerating the need for new renewable capacity. With Blackstone’s capital, Eurowind plans to install three to four times more solar and wind capacity, along with battery storage, than it has historically achieved, enabling it to take on larger and more complex projects.
European policymakers are pushing for rapid decarbonization, and AI‑driven data centers are projected to double their electricity consumption by 2030. Re‑industrialization efforts aim to bring manufacturing back to Europe, further increasing electricity demand. The Blackstone‑Eurowind partnership therefore aligns with both market demand and policy objectives, positioning Eurowind to play a leading role in meeting Europe’s renewable targets.
Gert Vinther Jørgensen, Chairman of the Board of Eurowind Energy and Group CEO of Norlys, said, “Under the current ownership group, Eurowind Energy has undergone significant development, expanding renewable energy capacity across Europe. With Blackstone as a long‑term investor, Eurowind gains the financial strength required to contribute to this development and take the company into its next phase.”
The deal signals a robust confidence in Europe’s renewable‑energy trajectory. For Eurowind, the infusion will accelerate project development, enhance its ability to secure larger contracts, and strengthen its competitive position against other independent power producers. For Blackstone, the investment deepens its exposure to a high‑growth, low‑carbon asset class and aligns with its broader European investment strategy. Together, the partnership is poised to accelerate the deployment of clean‑energy infrastructure that supports Europe’s decarbonization and energy‑security goals.
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