Asset management firm Blackstone has formed a partnership with a team led by Pedro Barriuso, former executive chairman of Element Power and former head of Iberdrola Renewables, to create Fisterra Energy, a company owned by funds managed by Blackstone on behalf of its private equity investors.
Fisterra's primary focus will be to identify, develop, finance, construct and operate large-scale independent power projects in markets with capacity or transmission shortfalls, with a focus on Latin America, Europe and the Middle East.
The Fisterra team has collectively managed the development of more than 25 GW of new power projects over the past 15 years and has built more than 8 GW of power plant projects in more than 15 countries. The team combines management and technical capabilities covering all aspects of project development, project financing, long-term supply contracts, mergers and acquisitions, and the construction and operation of energy and infrastructure projects.
