Blackstone invests in $1.6B German wind farm

The 80-turbine wind farm will have a combined generation capacity of 400 megawatts, Blackstone said. When complete, it will generate roughly 1.6 billion kilowatt hours annually, or enough to supply 500,000 households each year, the New York-based firm said.

"The project supports the German government's stated objective of fighting global warming by reduction of its greenhouse gas emissions by 40 percent by the year 2020," Blackstone said in a statement.