BlackRock's GRP III closes 97-MWp dispersed solar buy in Chile

May 19, 2023 11:51 AM ET
  • BlackRock's Global Renewable Power Fund III (GRP III) has actually shut the purchase of a 97-MWp dispersed solar project portfolio in Chile that was established by RRG Capital Management (RRGCM) as well as local partners.

This was revealed on Thursday by Aediles Capital Inc, an independent sponsor and platform asset manager which stated it supported the fund in this purchase.

"We eagerly anticipate continuing to offer leading rate asset management for this platform and also will continue originating additional MWp for the platform," mentioned David Orellana, Platform Head of Aediles Talinay, Aediles Asset Manager in Chile.

The announcement does not provide even more details regarding the particular asset portfolio apart from stating it consists of small-scale solar projects, part of the local PMGD program.

BlackRock Real Assets achieved a USD-4.8-billion (EUR 4.45 bn) final close of the GRP III fund 2 years back.

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