Vivint Solar announced on June 4th, the plans to collaborate with Blackstone to provide clean, efficient solar energy to Blackstone's portfolio of commercial and industrial properties.
"We see great potential and look forward to exploring, with Blackstone, the various opportunities that exist for us to bring solar energy to its commercial and industrial portfolio of properties," said Jan Newman, Vice President of Business Development at Vivint Solar. "To work with the world's largest private equity firm in our efforts to expand into the commercial and industrial market is an exciting position for us."
Vivint Solar recently closed its first solar commercial and industrial investment fund that will enable the company to expand its solar energy offerings to commercial and industrial businesses across the U.S. Blackstone, a premier investment and advisory firm specializing in private equity, credit and hedge fund investment strategies, currently maintains in its portfolio a vast assortment of commercial and industrial properties.
"Blackstone is excited to work with Vivint Solar to explore possibilities within our portfolio," saidDon Anderson, Chief Sustainability Officer at Blackstone. "We've watched Vivint Solar grow over the past few years and look forward to bringing the benefits of solar power to our family of companies."