Global Infrastructure Partners (GIP) — world's largest independent infrastructure fund with 19+ GW operational renewables, 173 GW in construction/development
BlackRock's largest acquisition in over a decade. $3B cash + ~12M BlackRock shares. GIP manages ~$115B in infrastructure AUM. Combined platform branded 'GIP, a part of BlackRock' with ~$170B infrastructure AUM. Closed October 1, 2024.
$12.50B
Deal Value
19,000MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate
- Seller / Sponsor
- Global Infrastructure Partners
- Buyer / Financier
- BlackRock
- Deal Value
- $12.5B
- Stage
- Mixed (Operating + Construction + Development)
- ISO/RTO
- Multiple
- Source
- BlackRock
Related Deals
Recurrent Energy — 20% stake in Canadian Solar's renewable energy subsidiary (11 GWp solar + 3 GWh storage globally)
Recurrent Energy → BlackRock
$500M
ALLETE Inc. — regulated utility with renewable, hydro, and transmission assets across Upper Midwest (Minnesota Power)
CPP Investments, Global Infrastructure Partners
$6.2B
Tibbits BESS (Michigan) + Tidwell Prairie BESS (Texas) — 300 MW / 800 MWh total, two standalone BESS
Jupiter Power (BlackRock) → Barclays Bank PLC, HSBC Bank USA
$286M
RWE's first US green bonds — two tranches of $1B each (10-year and 30-year maturities) to fund US renewable energy projects across 146 solar, onshore wind, and battery storage sites
RWE AG → Multiple (bond investors)
$2B
Brookfield-Microsoft framework PPA — 10.5 GW new renewable energy capacity across US and Europe (2026-2030)
Brookfield Renewable → Microsoft
$10B+
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.