According to a new S&P Global Market Intelligence analysis, North America was already seeing rising private equity investment in renewable energy when the Inflation Reduction Act passed in August and added a slew of new, longer-term incentives for projects in the U.S.
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Other highlights from the analysis include:
- The deals include one of the largest renewable deals ever in North America, a US$3 billion equity investment in Invenergy Renewables LLC by listed private equity giant Blackstone Inc. and Canadian pension fund manager Caisse de dépôt et placement du Québec.
- That January deal helped push the total PE-backed investment in North America's renewable energy sector to $5.03 billion this year through Aug. 23, surpassing the 2021 full-year total of $4.53 billion.
