Declan Flanagan, former CEO of Orsted’s onshore business, has launched Bluestar Energy Capital, a new global renewable energy investment platform with an initial $100 million in capital for greenfield renewable energy development. Bluestar, founded by Flanagan, is also announcing several key management hires.
“A huge amount of capital is seeking a role in the energy transition, but a scarcity remains of the right kind of capital for new development platforms and new projects. Our vision is to be one of the largest global investors of early-stage development capital,” comments Flanagan, CEO of Bluestar. “We have structured Bluestar as a portfolio of distinct regional platforms based on the conviction that successful project development is a very local business. Success is about empowering regional…