BlackRock Real Assets has achieved a US$1 billion first close
\nfor its Global Renewable Power III fund (\u201cGRP III,\u201d) with commitments from over 35 institutional investors
\nin North America, Europe and Asia[[BlackRock, 22 November, 2019: $1.04bn]]. The record first close reflects strong investor demand for renewable
\npower assets that can generate attractive risk adjusted returns with low correlation to the economic cycle,
\nand that align with their long-term sustainability goals.<\/p>\n
GRP III is the third vintage of BlackRock\u2019s global renewable power fund series. The Fund seeks to invest
\nacross the spectrum of climate infrastructure assets, with a focus on renewable power generation, and
\nenergy storage and distribution.<\/p>\n
An early mover in identifying renewable power infrastructure as an attractive global fundamental growth
\nstory for institutional investors, BlackRock manages one of the largest global renewable power platforms
\nwith $5.5 billion in equity assets under management[[BlackRock, 22 November, 2019: $5.5bn]]. Since 2011, BlackRock\u2019s Global Renewable Power
\nplatform has invested in more than 250 wind and solar projects globally on behalf of 150 investors. These
\nprojects would provide enough clean energy to power 19 million homes over their lifetimes[[BlackRock, 30 June 2019]], equivalent to
\na country the size of Spain. <\/p>\n
David Giordano, Global Head of BlackRock Renewable Power, said, \u201cAs global power generation shifts from Mr. Giordano continued, \u201cGRP III helps clients build portfolio resilience by delivering returns driven by The green energy transition is set to continue, with wind and solar power generation alone requiring a $10 BlackRock Real Assets has achieved a US$1 billion first close
\ntwo-thirds fossil fuels to two-thirds renewables over the next few decades, renewables are increasingly
\nbecoming a standalone allocation for investors and one of the most active sectors in infrastructure. Led by
\nan experienced team of renewable power sector specialists, we are well positioned to source the best
\ninvestment opportunities presented by the energy transition for our clients.\u201d<\/em><\/p>\n
\nwind and solar, strong cash yields from the clean power we sell and capital growth from building and
\noptimizing assets. At the same time, more and more investors are asking for solutions that allow them to
\ninvest in positive environmental outcomes. Our impact assessment framework provides market-leading
\nreporting that measures and dollarizes the positive contribution made by our clients to help address the
\nUN\u2019s Sustainable Development Goals.\u201d<\/em><\/p>\n
\ntrillion investment globally according to Bloomberg New Energy Finance[[Bloomberg New Energy Finance, New Energy Outlook 2019
\n]]. Globally, investors are
\nembracing the less cyclical nature of renewable power assets as they are rebalancing their portfolios and
\nasset allocation plans[[BlackRock 2019 Global Institutional Survey. 230 institutional clients, representing over $7 trillion in investible assets,
\nparticipated in our annual institutional client rebalancing survey.]]. Interest in sustainability also continues to rise, with 84% of investors considering or
\nalready pursuing ESG integration and 78% seeking to align with the UN Sustainable Development Goals[[Morgan Stanley Institute for Sustainable Investing, Sustainable Signals: Asset Owners 2018 survey]].
\nGRP III seeks to meet the financial and sustainability challenges investors are facing today.<\/p>\n","protected":false},"excerpt":{"rendered":"
\nfor its Global Renewable Power III fund (\u201cGRP III,\u201d) with commitments from over 35 institutional investors
\nin North America, Europe and Asia.<\/p>\n","protected":false},"author":20,"featured_media":84385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1849,1826,1682,1651,2007,1662,1776,1453,1952,1685],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/84387"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=84387"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/84387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/84385"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=84387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=84387"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=84387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}