BlackRock achieves record close of $1bn for renewable energy fund

Solar energy farmAmerican investment company BlackRock has announced that is has achieved $1bn for the first close of its Global Renewable Power III (GRP III) fund. The company stated that it has received commitments from 35 investors in Asia, Europe and North America.

GRP III is the third in a series of funds established by BlackRock to invest in renewable energy generation, energy storage and distribution, a market the group says is now mainstream for the power industry. Continue reading “BlackRock achieves record close of $1bn for renewable energy fund”