Blackstone Inc. (NYSE: BX) announced funds managed by Blackstone Infrastructure entered into a definitive agreement to invest up to €2 billion in Eurowind Energy, a European renewables developer and independent power producer.

The investment will provide capital to accelerate Eurowind's renewable energy development activities. Eurowind, headquartered in Hobro, Denmark, was founded in 2006 and operates across sixteen European markets, focusing on onshore wind, solar, battery storage, and biogas solutions. The company employs approximately 700 people and is jointly owned by Danish energy and telecoms conglomerate Norlys.

"Significant capital will be required to meet European energy demand in the coming years, and Blackstone is well-positioned to support and accelerate Europe's energy infrastructure build-out," said Adam Kuhnley, Co-Head of European Investments at Blackstone Infrastructure.

Jens Rasmussen, Chief Executive Officer of Eurowind Energy, stated the investment will allow the company "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."

Blackstone Infrastructure has previously invested in renewable energy platforms including Invenergy and maintains a joint venture partnership with NextEra Energy. The firm has invested in $400 billion of European assets across private equity, real estate, credit and infrastructure as of the end of 2025.

Barclays, Nomura Greentech and Santander served as M&A advisors to Blackstone, while Latham & Watkins and HortenDahl provided legal counsel. ABG Sundal Collier advised Norlys and EWE Holding, with Kromann Reumert representing Eurowind Energy and Accura advising Norlys.

The transaction is expected to close before the end of the year, subject to customary conditions.