QLD Solar Energy Project Financed Through BlackRock Real Assets

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