Martin Torres, Americas chief for renewables at BlackRock Real Assets, talks batteries, offshore wind — and why things may be easier once subsidies disappear. The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in […]
BlackRock, partners eye initial $500 million for climate fund
LONDON : A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets. The group will provide the first $100 million of funding for the Climate Finance Partnership (CFP), which was set up in 2018 along with France, Germany and […]
BlackRock Sends Huge Warning Shot at Companies Ignoring Climate Risk
The world’s largest asset manager predicts a “fundamental reshaping of finance” as the climate threat comes into sharper focus. In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. […]
BlackRock aims $2.5 billion at solar, wind, battery storage
The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 […]
BlackRock Raises $1 Billion For Clean Power as Wind, Solar Boom
Here’s the latest indicator of how hungry investors are to profit from clean energy: BlackRock just raised $1 billion for wind, solar and battery-storage projects. The world’s largest money manager received initial commitments from over 35 institutional investors in North America, Europe and Asia for its third global renewables fund. It’s the most BlackRock has […]
GE Sells Solar-Business Stake to BlackRock
General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere. A fund managed by BlackRock’s Real Assets unit will own 80% of Distributed Solar Development, a new company created from GE Solar, […]
GE and BlackRock Launch Distributed Solar and Storage Business
With BlackRock as a partner and a new focus on project ownership, GE’s under-the-radar solar business may be in for noisier days ahead. General Electric is a big and sprawling company that’s undergone some dramatic reorganizations over the past few years, particularly in its renewable energy, energy storage and grid edge business lines. But over […]
BlackRock Beefs Up Its Bet on Renewables With Small-Scale Solar
BlackRock Inc., the world’s largest money manager, is boosting its bet on clean energy. Funds managed by BlackRock’s renewable power group have agreed to invest in CleanCapital, which owns and manages $300 million worth of small-scale solar systems in the U.S., as well as a partnership the two formed together. CleanCapital declined to say how […]
