BlackRock Real Assets expands solar investment portfolio in Taiwan
A private fund managed by BlackRock Real Assets (the Fund) has entered into an agreement to acquire a 115MW solar portfolio comprising 14 projects in Taiwan from New Green Power (NGP) and J&V Energy Technology (J&V Energy), leading solar energy companies headquartered in Taipei.
The follow-on investment consists of operating and construction projects, with NGP continuing to provide engineering, procurement and construction (EPC), as well as long-term operations, maintenance and asset management services. The portfolio offers stable and long-term income for investors with attractive 20-year feed-in-tariff (FIT) contracts secured from an investment grade off-taker.
The acquired platform is set to continue to grow as BlackRock Real Assets launches new strategies to invest in renewable power projects globally.
Country updates
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May 14, 2019
Keppel to build two 600 MW offshore wind farm substations in Taiwan
Keppel Offshore & Marine Ltd's (Keppel O&M) wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS) has secured a contract from Ørsted, a Danish renewable energy company, for two offshore...
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May 03, 2019
Ørsted takes final investment decision on Greater Changhua 1 and 2
Ørsted A/S, Denmark, has taken a final investment decision on the Greater Changhua 1 and 2 wind projects in Taiwan. The projects are offshore wind facilities with total power output of 900 MW....
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April 16, 2019
Vestas to equip turbines for 43 MW wind project in Taiwan
Vestas has received an order from Foxwell Energy, a subsidiary of Foxlink Group, and TCC Green Energy, a subsidiary of TCC Group, for the 43 MW Changhua wind park in Taiwan. The project includes the...
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March 26, 2019
Fred. Olsen Windcarrier awarded contract for 708 MW Yunlin offshore wind project
Fred. Olsen Windcarrier has been awarded a contract with Siemens Gamesa Renewable Energy (SGRE) for the transport and installation of wind turbines on the Yunlin Offshore Windfarm in Taiwanese waters...
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February 28, 2019
Northland Power signs 20-year PPA deal for Hai Long 2A offshore wind project
Northland Power Inc., through its subsidiary, has executed a Power Purchase Agreement (PPA) with Taiwan Power Company for its Hai Long 2A offshore wind project, based on its 300 MW Feed-in-T...
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