Blackstone Invests in Sunotec for European Solar Expansion

Sunotec, a leading European integrator of utility-scale solar and battery storage projects, has secured a structured equity investment from funds managed by Blackstone Inc.===Blackstone Tactical Opportunities, a unit of Blackstone Inc. The investment, valued at approximately €250 million, will support Sunotec's expansion across its core European markets, including Germany, the United Kingdom, Scandinavia, and Southeast Europe. It will also enable Sunotec to broaden its existing services, develop new capabilities in grid infrastructure, and accelerate the growth of its hybrid renewable energy asset platform. Sunotec's founders and leadership team, including CEO Kaloyan Velichkov, will retain a majority share and full operational control. The partnership leverages Blackstone Inc.'s strategic focus on renewable energy infrastructure and Sunotec's engineering and deployment expertise. The transaction is subject to regulatory approvals and is expected to close in the first half of 2026. JPMorgan Chase===J.P. Morgan SE advised Sunotec, while Nomura Holdings===Nomura Greentech advised Blackstone Inc.