EnergyWatch

BlackRock unit aims to boost Asian renewables to USD 5 Billion

BlackRock Real Assets is aiming to boost its renewables power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world’s fastest-growing region for green energy.

Photo: Reni-DS

BlackRock Real Assets is aiming to boost its renewables power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world’s fastest-growing region for green energy.

The unit of New York-based BlackRock Inc. plans to raise invested capital in Asia-Pacific renewables to around USD 3 billion to USD 5 billion, from USD 500 million now, over the next three to five years, according to Charlie Reid, managing director and portfolio manager of the BlackRock Renewable Power investment team.

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