BlackRock Real Assets plans to buy 115 MW of solar projects in Taiwan

BlackRock Real Assets, a global investment management company, has announced its plans to expand its renewable power portfolio in Asia. The company is set to buy a 115 MW solar portfolio comprising 14 projects in Taiwan from New Green Power (NGP) and J&V Energy. Moreover, the company currently manages a $5 billion global renewables investment platform, which has a strategic priority to invest in the Asia-Pacific region. This latest acquisition is BlackRock’s second renewables investment in Taiwan after it acquired the entire equity interest in a 59 MW solar portfolio comprising 28 projects in Taiwan from J&V Energy. The follow-on investment consists of operating and construction projects, with NGP continuing to provide engineering, procurement and construction services, as well as long-term operations, maintenance and asset management services. The portfolio offers long-term income for the investors with attractive 20-year FiT contracts secured from an investment grade offtaker.

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