BlackRock Eyes $7 Billion for New Global Renewable Power Fund
By Simon Jessop and Susanna Twidale
The world’s biggest asset manager BlackRock (BLK.N) said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments.
The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as other clean technologies such as batteries and grid infrastructure.
Photo courtesy of DDOT DC.
Source: Reuters (link opens in a new window)
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