- Riverstone Energy said its manager Riverstone Holdings had formed a new power producer called Onyx Strategic Investment Management.

The company would have an initial focus on Germany and the Netherlands, following the signing of an agreement to acquire a fleet of coal- and biomass-fired power stations from affiliates of Engie.

'Today's announcement is a great example of Riverstone's increased focus on its leading investment platform in global power and electric infrastructure, which has committed over $4.9bn of equity to the sector,' Riverstone co-founders David Leuschen and Pierre Lapeyre, Jr said.

'This transaction provides our investing partners with an additional high quality, system critical power generation portfolio, operated by an experienced and talented workforce.'

At 9:45am: [LON:RSE] Riverstone Energy Limited share price was +5p at 981p

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