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05/07/2017at 13:21

BlackRock busts USD 1 billion green power goal with second fund

BlackRock's second green energy fund exceeded its USD 1 billion target, highlighting keen investor interest in renewables despite political uncertainty.
Photo: Frank Boutrup Schmidt/Vestas
Photo: Frank Boutrup Schmidt/Vestas
BY JESSICA SHANKLEMAN, BLOOMBERG

BlackRock Inc. exceeded a USD 1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets.

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