April 29, 2026
Blackstone investment to accelerate Eurowind’s development activities across Europe
CEO Jens Rasmussen will continue to lead the company and remain invested alongside Norlys, Denmark’s largest integrated energy and telecoms group
LONDON, UK – April 29, 2026 – Blackstone (NYSE: BX) has today announced that funds managed by Blackstone Infrastructure have entered into a definitive agreement to invest up to €2 billion in Eurowind Energy, a leading pan-European renewables developer and independent power producer.
Blackstone’s investment will provide capital to accelerate Eurowind’s renewables development activities as European power demand enters an inflection point, with electrification, AI, re-industrialization and the need for greater energy security expected to drive over 3% annual growth through 2040 after years of flat or negative demand.
Headquartered in Hobro, Denmark, Eurowind was founded in 2006 by CEO Jens Rasmussen, Søren Rasmussen and Jakob Kortbæk and is jointly owned by Danish integrated energy and telecoms conglomerate Norlys. The company’s activities span onshore wind, solar, battery storage, and biogas solutions across sixteen markets in Europe – supported by a team of approximately 700 employees.
Adam Kuhnley, Co-Head of European Investments, Blackstone Infrastructure, said: “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. Over the past two decades, Jens Rasmussen and the management team have built an outstanding, vertically integrated renewables platform, and we are excited to partner with them and Norlys to accelerate Eurowind’s long-term clean energy deployment across Europe.”
Jens Rasmussen, Chief Executive Officer, Eurowind Energy, said: “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 firm has significant experience within energy and infrastructure, and 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.”
Gert Vinther Jørgensen, Chairman of the Board of Eurowind Energy and Group CEO of Norlys, added: “With the current group of owners, Eurowind Energy has undergone significant development, where we have expanded renewable energy capacity in Europe. However, recent developments have clearly shown how crucial it is for Europe to become self-sufficient with stable and competitive energy. With Blackstone as a long-term investor, Eurowind gains the necessary financial strength to contribute to that development and take the company into its next phase.”
Blackstone Infrastructure has a strong track record of investing in renewables platforms and energy assets, including Invenergy, the largest independent renewable power generation company in the US, and its joint venture partnership with NextEra Energy, the world’s largest developer of wind and solar energy.
Blackstone has been active in Europe for over 25 years and has investments in $400 billion of assets in the region across private equity, real estate, credit and infrastructure as of the end of 2025. The firm sees the opportunity to invest in over $500 billion of European assets by 2035, including in the energy transition, energy security, electrification, reindustrialization and digitalization.
Barclays, Nomura Greentech and Santander acted as M&A advisors to Blackstone. Latham & Watkins and HortenDahl acted as the firm’s legal advisors. ABG Sundal Collier acted as M&A advisor to Norlys and EWE Holding. Kromann Reumert acted as legal advisor to Eurowind Energy, with Accura acting as legal advisor to Norlys.
The transaction is expected to close before the end of the year, subject to customary conditions.
Blackstone Infrastructure Partners
Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.
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