QLD Solar Energy Project Financed Through BlackRock Real Assets

This is the first renewables investment in Australia for BlackRock Real Assets.

BlackRock Assets renewable funding
BlackRock Real Assets have acquired a majority stake in a Queensland solar energy project as reported by the Financial Standard. The 158-megawatt and 50-megawatt solar farms are being financed through BlackRock Real Assets and are expected to start operations by 2018. Other key takeaways on the solar farm investment are:
  • Long-term debt finance of $90 million will be provided by the Clean Energy Finance Corporation, Natixis and the Commonwealth Bank.
  • It’s the first time for BlackRock Real Assets to invest in renewables in Australia.
  • The new renewable energy investment will take the company’s worldwide portfolio to more than $6 billion.
  • BlackRock Real Assets have invested in more than 90 solar projects all over the world.
Click here to read the full story on the Financial Standard
Cheap Solar

Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

Leave a Reply

Your email address will not be published. Required fields are marked *

power to gas renewable energy

Zero Emission Gas Network in Australia’s Future

solar battery policy

Tough Rules on Solar Batteries Could Kill the Industry