BlackRock raises $275 million in first close for Euro renewables fund
BlackRock has raised $275 million from Asian and European institutional investors in a first close for its European renewables fund, Renewable Income Europe.
The vehicle, which has a 20-year buy-and-hold strategy, will target long-term inflation-linked income. Investments will be made without leverage and focus on projects across wind and solar photovoltaic (PV) systems.
BlackRock said the fund’s investment team would look for investments in Europe, with the majority of opportunities in Western Europe.
The company said European investors have recently shown bullishness towards certain alternative asset classes, with 60% intending to increase exposure to real assets, according to a poll conducted by the firm.
BlackRock recently announced it was creating a real assets group, headed by Jim Barry, as part of a wider reorganisation, with the move taking effect this month.
Country news
-
-
February 11, 2016
DONG Energy sells 50% of the Burbo Bank Extension offshore wind farm to PKA and LEGO's parent company
DONG Energy has signed and completed an agreement to divest 50% of the 258 MW UK offshore wind farm project Burbo Bank Extension to Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group. Read more -
February 10, 2016
NextEnergy Solar Fund Limited acquires three operating plants totalling 53 MW
NextEnergy Solar Fund Limited has announced recently the signing and completion of the share purchase agreement to acquire a portfolio comprising three operating solar PV plants totalling 53.3 MW Read more -
February 09, 2016
Royal Vopak reaches agreement on sale of all UK assets
Royal Vopak has reached agreement on the sale of all of its UK assets to Macquarie Capital and Greenergy. Read more -
February 08, 2016
Bluefield Solar Income Fund acquires six solar plants in the UK
Bluefield Solar Income Fund has announced that an agreement related to The Royal Bank of Scotland Revolving Credit Facility, has been agreed to acquire six solar photovoltaic plants Read more -
February 05, 2016
Transmission Capital Partners reaches financial close on Westermost Rough offshore transmission project
Listed infrastructure investor International Public Partnerships Limited (INPP) has announced that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure and Transmission Investment has reached financial close for the long-term license and operation of its sixth UK offshore transmission project, Westermost Rough (OFTO). Read more
