Global Renewable Power III secures investment from Swansea and North East Scotland Pension Funds
The City and County of Swansea Pension Fund and North East Scotland Pension Fund have invested in the Global Renewable Power III (GRP III), a renewable energy fund launched by BlackRock.
The City and County of Swansea Pension Fund is part of Local Government Pension Scheme (LGPS). It has invested about US$240 million in GRP III fund.
GRP III seeks to invest in global renewable power projects that has attractive risk-adjusted returns with a low correlation to the economic cycle. The fund is the third vintage of BlackRock’s global renewable power fund series.
Country updates
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May 20, 2020
450 MW Neart na Gaoithe offshore wind project off the coast of Fife set to resume construction
Construction of the Neart na Gaoithe (NnG) offshore wind farm in Scotland is planned to begin this week after a pause in March due to the coronavirus pandemic. The project is a large-size 450 MW offs...
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May 15, 2020
NextEnergy Solar Fund offloads two UK solar assets
NextEnergy Solar Fund Limited (NESF) has agreed to sell two subsidy-free solar assets under development with a capacity of 115 MW for a combined total consideration of GBP11.5 million (US$14 million)...
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May 14, 2020
Equinor to build O&M base at the Port of Tyne for Dogger Bank Wind Farm project
Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have disclosed plans to build a new Operations and Maintenance (O&M) Base at the Port...
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May 06, 2020
Rovco signs inspection contract for East Anglia One project
Rovco, one of the offshore energy industry’s leading providers of ROV and hydrographic services coupled with artificial intelligence-based technology, has been awarded a long-term...
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May 05, 2020
SSE applies planning permission for 150 MW Cloiche wind project in Monadhliath mountains
SSE Generation Limited (SSEG) has filed an application with the Scottish Government for the planning permission to be granted to construct and operate Cloiche Wind Farm; a new onshore wind farm to gen...
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