Green
Blackstone Makes ESG Splash with Green-Energy Lending Strategy
- Fund will target companies aiding the decarbonization process
- Horn will lead the global charge; Hayden joins as Europe head
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Blackstone Inc. has launched a new renewable-energy lending strategy as part of the private equity firm’s commitment to invest $100 billion in green projects over the next decade.
The firm has established the Sustainable Resources Credit Platform to focus on lending to companies that are expanding solar usage to the residential sector, providing renewable electricity generation and storage services, as well as other businesses aiding decarbonization, according to a statement Friday.