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Blackstone has agreed to invest up to €2 billion in Eurowind Energy, a pan-European renewable energy developer based in Denmark. The transaction brings fresh capital into Europe’s clean energy sector as electricity demand continues to rise across multiple industries.
Eurowind operates across wind, solar, battery storage, and biogas projects in sixteen European markets. The investment will support the company’s development pipeline and expansion plans over the coming years.
Blackstone Infrastructure funds will provide up to €2 billion ($2.3 billion) to Eurowind Energy through a minority investment structure. Reports indicate the deal allows Blackstone to support growth while Eurowind maintains its operational control.
The company remains jointly owned by Danish energy and telecom group Norlys, along with its founders.
Eurowind Chief Executive Officer Jens Rasmussen will continue to lead the company after the investment. He stated, “Blackstone brings a long-term perspective with perpetual capital and believes in Eurowind Energy’s strategy to become a leading independent power producer in Europe.” The founders and existing shareholders will retain majority ownership following completion of the transaction.
Eurowind Energy operates in onshore wind, solar power, battery storage, and biogas production. The company employs about 700 people and manages projects across sixteen European countries. The new funding will support faster deployment of renewable energy infrastructure across these markets.
Jens Rasmussen said, “The investment will allow us to accelerate the pace of expansion and install three to four times more solar and wind energy as well as batteries versus our current pace.” The company plans to scale development activities in response to growing electricity demand linked to electrification and industrial activity across Europe.
Blackstone noted that European power demand is expected to grow by more than 3% annually through 2040. The company linked this trend to increased use of electricity in transport, industrial production, artificial intelligence infrastructure, and broader energy consumption shifts across the region.
Blackstone Infrastructure continues to expand its energy and infrastructure investments across Europe and other regions. The firm already holds stakes in major energy platforms, including Invenergy in the United States and a joint venture with NextEra Energy. It also invests in infrastructure assets across transport and digital sectors.
The firm reported investments of around $400 billion in European assets as of the end of 2025. It also sees potential to deploy capital into more than $500 billion of assets in Europe by 2035. The focus includes energy transition projects, electrification, and industrial infrastructure development.
Advisory support for the transaction included Barclays, Nomura Greentech, and Santander for Blackstone. ABG Sundal Collier advised Norlys and EWE Holding. Legal advisory support was also provided by multiple firms on both sides of the agreement. The transaction is expected to close before the end of 2026, subject to regulatory approvals and standard conditions.
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