On 16 January 2012, US investment firm Blackstone Group LP announced a joint venture with Swiss project developer PQ Energy to acquire or develop European power generation plants. The deal is Blackstone's next major move in the European power market after providing all project equity for the €1.2 billion German offshore project Meerwind (288 MW) in May 2011. Key trends in this On Point include: Utilities' offshore ownership complemented by investment funds. Small utilities band together to secure shares of the offshore pie. Equity requirements are drawing cash-rich players into offshore.
On 16 January 2012, US investment firm Blackstone Group LP announced a joint venture with Swiss project developer PQ Energy to acquire or develop European power generation plants. The deal is Blackstone's next major move in the European power market after providing all project equity for the €1.2 billion German offshore project Meerwind (288 MW) in May 2011. Key trends in this On Point include: