A fund managed by BlackRock Real Assets has completed the acquisition of a wind farm in the UK from innogy.
The 18-megawatt Batsworthy Cross wind farm is located in Devon and is fully operational. The price was not disclosed.
'We are very pleased to invest in the Batsworthy Cross wind project on behalf of our clients. This transaction underlines BlackRock’s continued focus on renewable power investments, where the firm has over $2.5 bn (€2.2 bn) of equity assets under management,' commented Rory O’Connor, managing director and head of Renewable Power for Europe at BlackRock.
REG Power Management Limited has been appointed to undertake the operational management of the project.
Following the investment in Batsworthy Cross, funds managed by BlackRock Real Assets own over 40 renewables projects in the UK across onshore wind, offshore wind and solar. Its total renewables portfolio comprises plants with 2.5 GW of generating capacity located in the US, Canada, Ireland, Sweden, Norway, France and the UK.
