Blackstone invests $250m to form new sustainable energy company ClearGen

Blackstone Group said it is investing an initial $250m in ClearGen, a new portfolio company that will finance and own distributed sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.

The private equity giant, through funds managed by its credit-investment arm GSO Capital Partners, expects to increase its commitment as capital is deployed, the company said Friday, 18 September.

Co-founders...