GFH Financial Group (GFH) made an investment in Invenergy, a renewable energy company based in the United States. The investment is being made through infrastructure-focused vehicles managed by Blackstone, an investment group with expertise in sectors such as energy and infrastructure.
Invenergy has been involved in the renewable energy sector for two decades. The company develops, owns, and operates projects in wind power, solar energy, natural gas generation, and energy storage. So far, it has completed over 200 projects, with a total generation capacity of 33 gigawatts (GW). These projects are located across regions including the Americas, Europe, and Asia. Invenergy employs more than 2,600 people.
In addition to renewable energy projects, Invenergy invests in transmission infrastructure. These transmission systems are designed to move electricity over long distances, ensuring that power generated in one area can reach regions with high electricity demand.
GFH’s investment comes as demand for renewable energy continues to grow globally. Invenergy’s projects contribute to clean energy goals, including the United States’ target of achieving Net Zero emissions by 2050. The company’s focus on clean energy and energy infrastructure supports growing electricity needs in a sustainable manner.
According to Hammad Younas, Chief Investment Officer at GFH, “the investment reflects the group’s strategy of targeting businesses in sectors with strong growth potential.” He highlighted that the US renewable energy market offers favorable conditions, driven by increasing demand and rapid project development.
Elsewhere in the Middle East, renewable energy projects are also expanding. Saudi Arabia has launched the Sakaka Solar Power Plant, the country’s first large-scale solar project, with an installed capacity of 300 megawatts (MW). In Dubai, the Mohammed bin Rashid Al Maktoum Solar Park is continuing to expand. Its current capacity is 2.4 GW, and it aims to reach 5 GW by 2030. The project uses both photovoltaic and concentrated solar technologies to generate clean energy.
