• Includes five projects slated to hit COD in 2026 and 2027
• Over USD 2bn raised in 2025 to support projects hitting COD in 2026

Invenergy hired CIBC Capital Markets to farm down a 2.7 GW portfolio of operational, under-construction or late-stage clean energy assets.

Invenergy is looking to sell up to a 49% stake in the portfolio.

The process recently launched.

Invenergy and CIBC did not return calls seeking comment.

The portfolio consists of ten projects, of which four are currently in operation, five are hitting COD in 2026 and one is hitting COD in 2027.

Invenergy raised a series of financings in 2025 on solar, onshore wind and hybrid projects targeted for 2026 completion. In early 2025, the IPP closed on USD 1.1bn in financing to support three solar deals-240 MW Cadence Solar Energy Center in Union County, Ohio, 200 MW Trade Post Solar Energy Center in Sullivan County, Indiana and 150 MW Yum Yum Solar project in Fayette County, Tennessee. In mid-2025, Invenergy reached financial close on USD 1.3bn in financing supporting the 340 MW Alle-Catt wind project in New York.

The Yum Yum project was not included in the farm-down, but the other projects were, added those sources.

Overall, NPM Interconnection queue data is tracking 42 projects under development by Invenergy that reached an advanced stage over the past 12 months across solar, onshore wind and paired projects.

At the corporate level, Invenergy received a USD 3bn investment from Blackstone Infrastructure Partners in January 2022, followed by a USD 1bn follow-on investment made in June 2023. Bahrain investor GFH Financial Group then announced in early 2025 that it made an investment in Invenergy through vehicles managed by Blackstone.

While Invenergy has not done regular-way farm-downs like Clearway Energy Group and NextEra Energy Resources, it has recycled capital regularly by selling grid-scale projects to utilities such as WEC Energy Group, MidAmerican Energy, Southwest Power Company (SWEPCO), and others via asset sales or build-asset-transfers.

While Invenergy still has a number of projects they are looking to advance in clean energy, such as the Downstream Solar Center in Arkansas, it also has made no secret lately of its plan to build more natural gas projects in Arizona, having announced recently an agreement with Tallgrass Energy to provide infrastructure to support those projects.

*This story was originally published exclusively for NPM subscribers.