SEEIT completed the acquisition of a 50% stake in Onyx Renewable Partners from Blackstone for $150m.

SDCL Energy Efficiency Income Trust, an investment company, completed the acquisition of a 50% stake in Onyx Renewable Partners, a project development and asset management company, from The Blackstone Group for $150m. "We are delighted to further diversify the SEEIT portfolio through the acquisition of these on-site solar and storage projects and to partner with Blackstone in one of the largest sustainable energy initiatives of its kind in the United States. The projects will make a meaningful impact to reduce the carbon footprint of commercial and industrial clients across the United States by providing cheaper, cleaner and more reliable energy directly at the point of use and is strongly aligned with SEEIT's investment policy and objectives, as well as the global climate policy agenda," Jonathan Maxwell, Sustainable Development Capital CEO.