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.
Lion Point Capital offers $250m to support Canadian Solar’s go-private bid
Shares of Canadian Solar soared earlier this week after U.S. investment firm Lion Point Capital revealed that it had initiated discussions with a number of undisclosed third parties about the possibility of funding the privatization of the solar PV module supplier.
Lightsource planning 70 MW solar farm in Ireland
The U.K.-headquartered renewable energy developer hope to invest €60 million on developing the large-scale solar far on a 129-hectare plot of land in County Meath. Planning permission has already been submitted.
UK’s Lightsource and BlackRock team on £1bn solar strategy
British renewable energy developer Lightsource has entered into a £1 billion partnership with asset manager BlackRock Real Assets to create Kingfisher, which will target 1 GW of solar capacity in the U.K. Partnership will also eye storage opportunities.
