Blackstone Teams With Ex-Iberdrola Team to Start Energy Company

Blackstone Group LP (BX), the world’s largest alternative-asset manager, is starting an energy development company with the former head of Iberdrola Renewables.

Fisterra Energy will be owned by Blackstone funds and will focus on identifying and developing large-scale power projects in Latin America, Europe and the Middle East, New York-based Blackstone said today in a statement on Business Wire. Fisterra will be headed by Pedro Barriuso, the former head of Iberdrola Renewables.

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