BlackRock acquires UK wind project
A fund managed by BlackRock Real Assets has completed the acquisition of a 100 per cent interest in an operational wind project in the UK from Innogy, a subsidiary of the German energy company RWE.
The 18 MW Batsworthy Cross wind farm is located in Devon and is now fully operational.
The project benefits from Senvion technology with a long-term Operations & Maintenance (O&M) agreement in place. REG Power Management has been appointed to undertake the operational management of the project.
Following the investment in Batsworthy Cross, funds managed by BlackRock Real Assets own over 40 renewables projects in the UK across onshore wind, offshore wind and solar.
Rory O’Connor (pictured), managing director and head of renewable power for Europe at BlackRock says:
“We are very pleased to invest in the Batsworthy Cross wind project on behalf of our clients. This transaction underlines BlackRock’s continued focus on renewable power investments, where the firm has over USD2.5 billion of equity assets under management,”
BlackRock operates one of the largest renewable power investment platforms in the world and has invested equity capital in more than 95 renewable power projects in recent years.
To date, BlackRock Real Assets has a total invested portfolio of approximately 2.5 GW of generating capacity across wind and solar projects located in the US, Canada, Ireland, Sweden, Norway, France and the UK.
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