Eurowind Energy, a Denmark-based renewable energy developer and independent power producer, has completed the sale of a 24.7% stake to Blackstone Infrastructure. The transaction closed once the required regulatory approvals had been received. Blackstone has committed up to DKK 15 billion to the company, a sum that it put at up to €2 billion when the agreement was announced in April.

The purpose of that money is to accelerate Eurowind's construction. The company expects to deliver approximately 1.5 GW of new wind, solar and battery capacity every year through 2030. Its Chief Executive Officer, Jens Rasmussen, has said that it expects to build four to five times as much new capacity each year as it did in 2025. The capital will also allow Eurowind to hold more of its assets for the long term and to pursue acquisitions that complement its existing platform.

Energy storage already forms a large part of the projects from which that growth would come. At the end of last year, according to PV Tech, Eurowind had 1.5 GW of operational renewable assets and a further 1.3 GW under construction. Of its 56 GW development pipeline, 15.8 GW was energy storage.

Both parties have described the deal as an acceleration of an existing strategy. "Having Blackstone on board is a confirmation of our strategy. We will continue on the same course, but with Blackstone alongside us, we can accelerate substantially," said Rasmussen. For the investor, Adam Kuhnley, Co-Head of European Investments at Blackstone Infrastructure, said: "We believe Eurowind is exceptionally well positioned to help meet Europe's increasing demand for affordable, reliable and sustainable power, and we look forward to supporting its next phase of growth."

Blackstone's role will also extend to the boardroom. Kuhnley will join Eurowind's Board of Directors as Vice Chair, and Yannick Heyl will become a board observer, while Gert Vinther Jørgensen, the Group CEO of Norlys, will remain Chair. Blackstone has said that it expects European power demand to grow by more than 3% a year through 2040, after years of flat or negative growth, as electrification, AI and re-industrialisation spread.

Founded in 2006, Eurowind Energy is based in Hobro, Denmark, and employs approximately 700 people. Its wind, solar, battery storage and hybrid energy projects span 16 European markets.