BlackRock Raises $1 Billion For Clean Power as Wind, Solar Boom
- Commitments are from more than 35 institutional investors
- Clean-energy investments are outpacing those in fossil fuel
Clean-energy investments have surged as much of the world pushes to move beyond fossil fuels to fight climate change.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Here’s the latest indicator of how hungry investors are to profit from clean energy: BlackRock just raised $1 billion for wind, solar and battery-storage projects.
The world’s largest money manager received initial commitments from over 35 institutional investors in North America, Europe and Asia for its third global renewables fund. It’s the most BlackRock has raised yet for a clean-power fund’s first close.