BlackRock Real Assets to get Taiwanese solar designer NGP

• An exclusive climate infrastructure fund handled by BlackRock Real Assets has actually consented to take complete ownership of majority-owned Taiwanese solar designer and also operator New Eco-friendly Power (NGP).

The real assets group people investment giant BlackRock Inc (NYSE: BLK) announced the deal on Thursday, without disclosing any financial information, as was the case in October 2020 when it obtained the managing rate of interest in NGP.

The company designs, establishes, develops and runs solar parks in Taiwan. It was established in 2009 as well as currently handles and also establishes over 1 GW of solar assets in the nation.

"Taking complete possession of NGP is a key strategic landmark for our Climate Infrastructure company in the region, and also demonstrates our confidence in NGP and its management team to lead the power shift in Taiwan," commented Charlie Reid, APAC Co-head of Climate Infrastructure for BlackRock.