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.