June 12

BlackRock Eyes $7 Billion for New Global Renewable Power Fund

BSimon 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)

Energy, Technology
climate change, corporations, electric vehicles, infrastructure, renewable energy, solar