Williams said a Blackstone-led consortium will invest $5.34B for a 49% noncontrolling stake in five behind-the-meter power generation projects. The transaction implies significant new capital backing for the asset portfolio without full control transfer. Overall, it is a supportive funding development that could modestly improve project execution prospects.
Williams said a Blackstone-led consortium will invest $5.34B for a 49% noncontrolling stake in five behind-the-meter power generation projects. The transaction implies significant new capital backing for the asset portfolio without full control transfer. Overall, it is a supportive funding development that could modestly improve project execution prospects.
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mildly positive
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