Key Takeaways
- • Blackstone Infrastructure has committed up to €2 billion ($2.3 billion) to acquire a 24.7% stake in Eurowind Energy, a pan-European renewables developer, with the capital targeting acceleration of wind, solar, battery storage, and Power-to-X development across 16 European markets.
- • Eurowind aims to install three to four times more renewable energy capacity than its current pace, positioning itself to capture demand from electrification, AI infrastructure, re-industrialization, and energy security requirements projected to drive over 3% annual European power growth through 2040.
- • Norlys, Denmark's largest integrated energy and telecoms group, retains majority ownership (37.7%) alongside founders Jens Rasmussen, Søren Rasmussen, and Jakob Kortbæk; Jens Rasmussen continues as CEO with continued founder investment in the business.
- • The transaction reflects Blackstone's broader infrastructure strategy to capitalize on a structural inflection point in European power demand following years of flat or negative growth, leveraging the firm's 20-year track record with Eurowind's vertically integrated management team.
Summary
Blackstone Infrastructure announced on April 29, 2026, a definitive agreement to invest up to €2 billion in Eurowind Energy, a leading pan-European renewables developer headquartered in Hobro, Denmark. The investment will provide capital to accelerate Eurowind's development and operational activities across clean energy infrastructure spanning wind, solar, battery storage, biogas, and emerging Power-to-X technologies that enable decarbonization in hard-to-electrify sectors including shipping, aviation, and heavy industry.
Eurowind was founded in 2006 by CEO Jens Rasmussen, Søren Rasmussen, and Jakob Kortbæk and operates across 16 European markets with approximately 700 employees. The company is jointly owned by Norlys, Denmark's integrated energy and telecoms conglomerate, which holds 37.7% ownership. Blackstone's investment grants the firm a 24.7% stake, with existing shareholders retaining majority control and Jens Rasmussen continuing in his leadership role alongside ongoing founder investment.
The capital infusion will enable Eurowind to materially scale operations, with management targeting installation of three to four times greater solar and wind energy capacity plus battery storage versus current deployment rates. Blackstone's thesis is grounded in European power market dynamics: electrification, artificial intelligence infrastructure expansion, industrial re-localization, and heightened energy security requirements are expected to drive over 3% annual power demand growth through 2040, reversing years of flat or declining consumption patterns.
Adam Kuhnley, Co-Head of European Investments at Blackstone Infrastructure, emphasized that "significant capital will be required to meet European energy demand in the coming years," citing the firm's ability to provide perpetual capital and infrastructure expertise. CEO Jens Rasmussen stated that Blackstone's long-term perspective and energy sector experience position Eurowind to "accelerate the pace of expansion" and execute larger, more complex projects across the continent. This transaction represents Blackstone's latest European renewables commitment and underscores institutional investor appetite for scaled, vertically integrated clean energy platforms positioned to benefit from structural European energy transition dynamics.
Eurowind was founded in 2006 by CEO Jens Rasmussen, Søren Rasmussen, and Jakob Kortbæk and operates across 16 European markets with approximately 700 employees. The company is jointly owned by Norlys, Denmark's integrated energy and telecoms conglomerate, which holds 37.7% ownership. Blackstone's investment grants the firm a 24.7% stake, with existing shareholders retaining majority control and Jens Rasmussen continuing in his leadership role alongside ongoing founder investment.
The capital infusion will enable Eurowind to materially scale operations, with management targeting installation of three to four times greater solar and wind energy capacity plus battery storage versus current deployment rates. Blackstone's thesis is grounded in European power market dynamics: electrification, artificial intelligence infrastructure expansion, industrial re-localization, and heightened energy security requirements are expected to drive over 3% annual power demand growth through 2040, reversing years of flat or declining consumption patterns.
Adam Kuhnley, Co-Head of European Investments at Blackstone Infrastructure, emphasized that "significant capital will be required to meet European energy demand in the coming years," citing the firm's ability to provide perpetual capital and infrastructure expertise. CEO Jens Rasmussen stated that Blackstone's long-term perspective and energy sector experience position Eurowind to "accelerate the pace of expansion" and execute larger, more complex projects across the continent. This transaction represents Blackstone's latest European renewables commitment and underscores institutional investor appetite for scaled, vertically integrated clean energy platforms positioned to benefit from structural European energy transition dynamics.
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