BlackRock wholly owns Distributed Solar Development
BlackRock Real Assets has completed the acquisition from GE Renewable Energy of the remaining 20 percent stake in Distributed Solar Development (DSD), a commercial and industrial (C&I) solar developer and operator in the United States. BlackRock Real Assets now owns 100 percent of DSD.
The investment, made through BlackRock’s Global Renewable Power II Fund (GRP II), follows an initial investment in July 2019 in which the fund took an 80 percent stake in DSD. It allows for BlackRock to fund greater near-term growth in the platform, which starting in 2021 is expected to consistently deploy over 200 megawatts of renewable energy annually.
Launched as a start-up within GE, DSD will design, engineer, finance, operate and maintain solar and storage systems for the commercial, industrial, and public sectors.
Country updates
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November 12, 2020
Scout Clean Energy completes construction of 130 MW Bitter Ridge Wind Farm project in Indiana
Scout Clean Energy has completed the construction of the 130 MW Bitter Ridge Wind Farm project developed in Jay County of Indiana. The project is built on more than 4,000 hectares of land with&n...
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November 11, 2020
Skyline Renewables buys 250 MW Galloway I solar project in Texas
Skyline Renewables LLC has acquired the 250 MW Galloway I solar project in Texas, USA from 8minute Solar Energy LLC. The financial terms of the deal were not disclosed. Skyline Renewables also secure...
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November 09, 2020
AEP Energy signs PPA for 200 MW Solar project in USA
American Electric Power's AEP Energy Partners subsidiary has signed a long-term power purchase agreement with Atlanta Farms Solar Project, currently being developed by Savion, a renewable energy devel...
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November 09, 2020
AEP Energy offtakes power from 200 MW Atlanta Farms Solar Project in Pickaway County
American Electric Power (AEP) has signed a long-term power purchase agreement with Atlanta Farms Solar Project, currently being developed by Savion, a renewable energy developer, for the project's pla...
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November 09, 2020
Vineyard Wind reaches transmission agreement for 800 MW wind project off the coast of Massachusetts
After receiving final authorization from the Federal Energy Regulatory Commission (FERC), Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners and Avangrid Renewables, has execute...
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