Blackstone Forms Energy Co. With Ex-Iberdrola Team

Law360, New York (January 23, 2013, 7:01 PM EST) -- The Blackstone Group LP has teamed up with former top brass of Iberdrola SA’s renewables arm to form a new energy company focused on developing large-scale power projects in Latin America, Europe and the Middle East, according to a Wednesday statement.

Pedro Barriuso, the former head of Iberdrola Renewables LLC, and his management team will be spearheading the formation of Fisterra Energy, which Blackstone funds will own on behalf of private equity investors. Fisterra will be tasked with identifying, financing, developing and operating independent power projects...
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