BlackRock acquires solar, storage assets from Excelsior Energy Capital
BlackRock has acquired a portfolio of 38 operational solar and battery storage projects from Excelsior Energy Capital, marking Excelsior’s first exit of its inaugural fund. The projects collectively have a total capacity of 89 MW (DC).
Nikola opens hydrogen refueling station for heavy-duty vehicles in California
Nikola Corp. has opened its first hydrogen refueling station for heavy-duty vehicles in southern California. It says it aims to build a network of up to 60 such facilities over the next few years.
New mergers, acquisitions in Latin America’s renewable energy market
The data, compiled by iDeals-M&A Community, shows that eight M&A deals were announced last month and 10 in the financing and investment sector. pv magazine publishes the complete list.
Powin, BlackRock start working on world’s largest battery
US battery specialist Powin and US investment firm BlackRock have started work on a 909 MW/1,915 MWh battery energy storage system (BESS) in Australia. Construction is set to begin in 2023 and will finish by mid-2025.
Virtual power plant to trade grid-stability services in New Zealand
New Zealand’s solarZero says it aims to provide fast, sustained reserves with its virtual power plant (VPP) of 10,000 household battery systems. Meridian Energy, meanwhile, has secured approval for a 100 MW battery energy storage system – the country’s largest such system to date.
BlackRock commits AUD 1 billion to big batteries in Australia
BlackRock has acquired Australian battery storage developer Akaysha Energy and its portfolio of nine projects.
Business & Human Rights Resource Centre investigates human rights issues in solar, wind
An assessment of the human rights performance of the world’s leading solar and wind power companies has painted a grim state of affairs, with the only dedicated solar manufacturer analyzed scoring 7%.
BlackRock vows to exit coal as part of new climate-focused investment strategy
The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.
BlackRock aims $2.5bn at solar, wind and 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 billion investment in coal.
BlackRock goes behind the meter with GE
The startup formerly known as GE Solar has become a full fledged company, with GE and BlackRock announcing the creation of Distributed Solar Development, a behind-the-meter solar joint venture.
