BlackRock Real Assets has acquired National Renewable Solutions (NRS), a Minneapolis-based renewable energy developer focused on early-stage wind and solar projects in the United States.
BlackRock acquired 100 percent of the equity in NRS, with a goal of developing, owning and operating the company’s current project development pipeline of more than 3.5 gigawatts (GW), with assets in New Mexico, Colorado, Arizona and Nevada.
Founded in 2011, NRS has developed more than 1 GW of renewable energy projects that are currently operating or are entering construction this year. The company has historically focused on pre-construction development of utility-scale wind projects, as well as distributed and utility-scale solar, primarily in the Western United States. Part of NRS’s mission is a commitment to help revitalize rural communities by promoting investments in domestic renewable energy resources that benefit local landowners.
This investment, made through BlackR