October 27

BlackRock Fund Backs Renewable Energy Firm in First Latin America Investment

By Fabio Teixeira

BlackRock-managed fund Climate Finance Partnership (CFP) will make its first foray into Latin America with the acquisition of a minority stake in Brasol, a Brazilian renewable energy firm, BlackRock announced on Friday.

The stake will be “shy of 50%,” said portfolio manager Anmay Dittman, adding the investment will be a “test case” for future transactions in the region.

Photo courtesy of Kristian Niemi.

Source: Reuters (link opens in a new window)

Energy, Investing, Technology
climate change, climate finance, infrastructure, public-private partnerships, renewable energy, sustainable finance