Tag: BlackRock

BlackRock acquires battery storage developer Akaysha Energy

Akaysha Energy, an Australian company with more than 1 GW of energy storage capacity in its portfolio, has been acquired by US investment giant BlackRock. No financial details of the deal have been disclosed. BlackRock has committed to investing more than $700 million to assist the development of battery storage assets in Australia.  The transaction was carried out through the company’s Climate Infrastructure business.

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Solek Group to develop solar power plants in Chile

Solek Latam Holding, a Chilean subsidiary of the Czech renewable energy business Solek Group, has signed a framework agreement to construct solar projects in Chile. The solar projects will be created and then sold to BlackRock’s Global Renewable Power Fund III (GRP III) under the terms of the agreement. Solek will manage the projects’ operations and maintenance, while Aediles Capital will manage the assets on behalf of GRP III.

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