BlackRock closes on €650 million for European renewables fund

Facebook
Twitter
LinkedIn
Reddit
Email
It exceeded the initial fund target size of €500 million, reflecting strong investor demand for long-term income from the renewable power asset class. Credit: Canadian Solar

The world's biggest asset manager BlackRock Real Assets has secured €650 million (US$726 million) from more than 25 institutional investors in Europe and Asia for its Renewable Income Europe fund.

It exceeded the initial fund target size of €500 million, reflecting strong investor demand for long-term income from the renewable power asset class, according to a BlackRock release.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Since the Renewable Income Europe fund’s first close in February this year, it has invested in nine wind and solar projects across the UK and Ireland with a long-term aim to build a diversified portfolio of European wind and solar projects, expected to be primarily in Western Europe.

Rory O’Connor, head of European renewables investment for BlackRock and manager of the fund, said: “We are very pleased with the final close for the Renewable Income Europe fund, and its investment progress on behalf of our clients. Since 2012 BlackRock has invested in 80 wind and solar projects globally, and manages over US$2.5 billion of equity assets in the renewable power sector, through strategies designed to meet client needs and preferences.”

Patrick Liedtke, head of BlackRock’s Financial Institutions Group for EMEA, added: “In an increasingly volatile market, real asset investments are ideally suited to institutions that have a long-time horizon, and are looking for income-producing assets with inflation-protection and low correlations. Renewable power provides further portfolio diversification by providing varying local drivers of return, such as those derived by wind and solar resource.”

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

Premium
August 6, 2025
PV Talk: LevelTen’s Andrés Acosta discusses how an oversupply of clean projects is shaping Europe’s PPA market.
August 6, 2025
A subsidiary of JinkoSolar has filed a lawsuit in Munich accusing LONGi Green Energy and several subsidiaries of infringing on a solar cell manufacturing patent.
August 5, 2025
NextEnergy Capital (NEC), through NextPower V ESG, has acquired a 73MW agriPV portfolio in Campania, Italy.
August 5, 2025
Sonnedix and Prosolia have acquired projects, while Iberdrola has signed a 34MW PPA with Burger King covering 109MW total.
August 1, 2025
DSD Renewables has raised US$238 million to bolster its portfolio of solar projects in 12 US states plus the District of Colombia.
August 1, 2025
The Q3 edition of our downstream solar PV journal, PV Tech Power, is now available to download.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines