BlackRock Real Assets acquires Korea renewables player

BLACKROCK Real Assets announced overnight it has closed its first investment in South Korea’s offshore wind sector, acquiring a 100% stake in Korea Renewable Energy Development & Operations (KREDO) Holdings.

BlackRock Real Assets acquires Korea renewables player BlackRock Real Assets acquires Korea renewables player BlackRock Real Assets acquires Korea renewables player BlackRock Real Assets acquires Korea renewables player BlackRock Real Assets acquires Korea renewables player

Set to inject US$1 billion to support offshore wind

The transaction price was not revealed, however BlackRock said it plans to inject US$1 billion of equity into the company over time to build out its pipeline of offshore wind and other renewable