The private equity giant said this is part of an ongoing effort to “focus on sustainability across the firm for companies it manages and advises.” It will install solar panels and systems on the rooftops of select portfolio companies.
Blackstone has selected Smart Energy Capital to support project development and maintenance. What is interesting here is that the company said these systems will be installed free of charge and they will be owned, operated, and maintained by the third-party investors. This will minimize operational and economic barriers of the effort and the portfolio companies will buy solar power in long-term power purchase agreements which are expected to lower the cost of power at the time each startup occurs.
The move has failed to entice any buyers on a weak day as Blackstone shares (units) are down 2.7% at $13.97 and the 52-week range is $11.13 to $17.25.
JON C. OGG
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
