In Short : BlackRock forecasts that the global energy transition will necessitate an annual investment of $4 trillion by the next decade. This projection underscores the magnitude of investment required to facilitate the shift towards sustainable energy sources and combat climate change. In Detail : Last year, $1.8 trillion was invested in relation to the […]
BlackRock eyes $7 bln for new Global Renewable Power Fund – EQ Mag
LONDON : The world’s biggest asset manager BlackRock (NYSE:BLK) said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments. The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as other clean […]
BlackRock raises $4.5 bln for climate-focused infrastructure fund
BlackRock Inc (BLK.N) has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects, the world’s largest asset manager said on Tuesday. BlackRock, which manages around $8 trillion in assets, said public and private pension funds, sovereign wealth funds, insurance companies and family […]
Blackrock takes over 100% Stake in New Green Power (Taiwan) – EQ Mag Pro
BlackRock Real Assets is taking additional stake in New Green Power (NGP), a leading Taiwanese solar developer and operator. The company, which already has acquired a majority interest in the Taiwanese developer in october 2020, will eventually hold 100% equity interest in it, Blackrock said in a statement. The investment will be made through a […]
BlackRock to spend $1b on batteries in Australia as coal closures loom
The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries that will be crucial to driving the shift from coal to clean energy. BlackRock Real Assets, an arm of the $US10 trillion ($14 trillion) investment giant, will announce on Tuesday it intends to commit $1 billion […]
BlackRock raises $673 mln for climate-focused infrastructure fund – EQ Mag Pro
Climate Finance Partnership passes $500 mln target France, Germany, Japan all invest in novel fund EM investment a key issue at COP26 climate talks GLASGOW/BOSTON : BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused […]
BlackRock Supports South Korean Solar Sector – EQ Mag Pro
South Korean solar energy company Brite Energy Partners has welcomed a USD 100 million investment from BlackRock Real Assets (BRA). BRA, a division of one of the world’s largest asset managers, BlackRock, has made its first investment in South Korea’s small-scale solar industry via its investment in Brite Energy. It follows Korea’s previously announced plans […]
BlackRock Real Assets to Pour USD 100 M in Korean Solar Developer – EQ Mag Pro
BlackRock Real Assets announced today it has agreed to buy an equity stake in Korean solar developer Brite Energy Partners (BEP), with plans to provide it with more than USD 100 million (EUR 85.3m) in capital over time. BEP is a renewables-only independent power producer (IPP) led by industry veterans from Hanwha Q Cells, Hanwha […]
BlackRock Buys Clean Energy Builder National Renewable Solutions – EQ Mag Pro
BlackRock Inc.’s real estate and infrastructure unit has acquired National Renewable Solutions, a developer of utility-scale wind and solar projects in the U.S. The asset manager’s BlackRock Real Assets now owns 100% of NRS and will operate the company’s current project development pipeline of over 3.5 gigawatts of assets in New Mexico, Colorado, Arizona and […]
BlackRock going after green infrastructure-focused IGIS PE in Korea
Multinational asset managing behemoth BlackRock is after Korea-based IGIS Private Equity Fund (IGIS PE) for its strength in offshore wind and solar power infrastructures. BlackRock is said to be in the final stage of negotiation to take over IGIS PE’s stake from its IGIS Asset Management and its affiliates, according to industry sources on Sunday. […]