Onyx Expands Presence In Growing Renewable Energy Markets

Onyx Renewable Partners L.P. (“Onyx”) announced today that it has entered into a partnership with Credit Suisse to invest over $300 million to develop, own and finance commercial and industrial sector (“C&I”) solar generation projects. Onyx expects this partnership to facilitate the development of more than 130 megawatts of new C&I solar projects within the next 15 months.

“We are excited to announce the closing of this facility with Credit Suisse”

Onyx is an emerging leader in the development and financing of C&I and small scale utility solar projects in North American markets and is owned by funds managed by Blackstone. “We are excited to announce the closing of this facility with Credit Suisse,” said Onyx CEO Matt Rosenblum. “In partnership with Credit Suisse and our sponsor, Blackstone, we are excited to leverage Onyx’s vast experience in the C&I sector to rapidly expand our presence in the space.” Jerry Smith, a Managing Director at Credit Suisse, said, “We are pleased to have this opportunity to partner with Onyx and Blackstone to help bring renewable solar to businesses, governments, non-profits and other companies across the U.S.”

Sean Klimczak, a Senior Managing Director of Blackstone who oversees Blackstone’s power and natural resources investments, said, “Growth in the C&I solar market is ramping up significantly, and we are very pleased to have this opportunity to work together with Credit Suisse to provide solar solutions to even more businesses and organizations.”

About Onyx Renewable Partners L.P.

Onyx is a renewable energy development company established by funds managed by Blackstone Energy Partners that is focused on greenfield development in the North American solar and wind sectors.  The Onyx team brings over 250 years of collective industry experience and perspective, having developed more than 1 GW of renewable projects.  As a full service firm with capabilities including development and construction through financing and operations, Onyx is able to provide creative solutions to large energy users and land owners in North America. Onyx prides itself on its ability to bring together exceptional talent with deep industry knowledge to solve challenging issues for customers looking to maximize renewable power generation.  Onyx is headquartered in New York City.