Applications & Installations

BlackRock invests $200 million in Enviria

BlackRock has invested €183 million ($200.2 million) in Enviria, a Germany-based company that specializes in deploying C&I PV systems, with a project portfolio currently totaling 2.3 GW.
Marie Beyer
By
Marie Beyer
Image: Solarimo, Pixabay

BlackRock has agreed to invest €183 million in German PV installer Enviria.

Envira supplies decentralized PV solutions for businesses. It has developed nearly 500 C&I projects in Germany and has around 2,000 C&I projects in its portfolio, with a combined capacity of nearly 2.3 GW.

BlackRock acquired a 14.7% stake in Enviria from Switzerland-based Galileo.

However, Galileo and Enviria remain partners because they jointly run a venture specializing in the development of large-scale solar and storage plants in Germany. Galileo said the entity has a portfolio of projects of 1.4 GW at various stages of development, and plans to add around 1 GW of projects per year.

“Together with the other series A investors, we firmly believed in Enviria’s potential, now confirmed by this significant investment from BlackRock,” said Galileo CEO Ingmar Wilhelm.

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Comments

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[…] this week, BlackRock announced a €183 million investment in German PV installer Enviria. It also increased its stake in Israeli […]

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[…] this week, BlackRock announced a €183 million investment in German PV installer Enviria. It also increased its stake in Israeli […]

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Joshua G Velez
Mar 12, 2024

That is great news. It’s all about collaborating and doing good work to back it up. Congratulations on the partnership. Thank you for this insight Marie Breyer!

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