BlackRock Real Assets’ Global Renewable Power (GRP) platform has reached an agreement with Greenbacker Renewable Energy for the sale of its controlling interest in the 42.5-MW Elk and 37.5 MW Bethel operating wind energy facilities in Iowa. The transaction marks another exit for the GRP platform and is its second bilateral transaction with Greenbacker this…
BlackRock closes on purchase of 50% interest in Texas wind project
BlackRock Real Assets has entered into an agreement to purchase GE Energy Financial Services’ 50% interest in the Grandview wind project. Grandview is now jointly owned by BlackRock and E.ON Climate and Renewables North America (EC&RNA), a subsidiary of E.ON SE and one of the world’s largest renewable power providers. Grandview has been operating since…
EDF Renewable Energy and BlackRock close sale of 200-MW Longhorn Wind project
EDF Renewable Energy (EDF RE) has closed on the transaction to sell a 50% interest in the 200-MW Longhorn Wind Project to a fund managed by BlackRock’s Infrastructure Investment Group. Longhorn Wind follows the closing of Hereford Wind Project (200 MW) in February, marking the second of five projects that BlackRock and EDF Renewable Energy…