Deals
BlackRock Buys Clean Energy Builder National Renewable Solutions
- NRS has developed over 1 gigawatt of clean energy projects
- Has pipeline of over 3.5 gigawatts of solar, wind projects
Photographer: Daniel Acker/Bloomberg
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BlackRock Inc.’s real estate and infrastructure unit has acquired National Renewable Solutions, a developer of utility-scale wind and solar projects in the U.S.
The asset manager’s BlackRock Real Assets now owns 100% of NRS and will operate the company’s current project development pipeline of over 3.5 gigawatts of assets in New Mexico, Colorado, Arizona and Nevada, BlackRock said in an emailed statement. The acquisition price was not disclosed.