Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Institutional investors oversubscribe BlackRock renewables fund



BlackRock raised $1.6 billion — $600 million more than its target — for its second Global Renewable Power Fund.

Nearly 70 institutional investors backed the fund, including New Mexico’s State Investment Council.

BlackRock’s David Giordano says the raise proves that “geopolitical movements” have not derailed the global commitment to renewable energy. “The U.S. is going to continue to be one of the largest demanders of capital for new renewable energy projects, despite the sound bites from the federal government,” he said.

BlackRock will invest in renewable projects and infrastructure in the U.S., Europe, Japan, and Australia.

One-fifth of the capital already has been committed to five wind projects.

You might also like...