QLD Solar Energy Project Financed Through BlackRock Real Assets

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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

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