BlackRock Alternatives invests a lot more in Korean solar developer BEP
- BlackRock Alternatives' Climate Infrastructure service has made an added investment of greater than KRW 170 billion (USD 133m/EUR 125m) in Korean small-scale solar developer as well as independent power manufacturer Brite Energy Partners (BEP).
BEP claimed in a statement on Tuesday that the added financial backing by BlackRock will certainly assist it get and also understand a portfolio of small-scale solar projects in South Korea. The entire portfolio is expected to include more than 500 MW of power generation capacity.
Presently, BEP runs more than 100 fully-owned solar sites across the nation.
Furthermore, the new investment needs to aid BEP increase its electrical vehicle (EV) quick billing business in your home which was released in November 2021 under the brand "Water". The company aims to build over 100 quick billing stations in Korea by 2025.
BlackRock Real Assets made its initial financial investment in BEP in August 2021.