Asset managing giant BlackRock has raised US$4.8 billion from institutional investors to fund renewable power generation projects in Europe, Asia and the Americas.
Maturation of solar asset class into subsidy-free venture in some markets could see industry become better fit with utilities comfortable with power price swings, firm says.
US$1trn-plus financier has already shown appetite for solar manufacturers. Does the new aperture to unlisted infra herald a capital bonanza for downstream players?
