BlackRock Real Assets plans to sell five operating wind farms and one operating solar project located across the United Kingdom to Equitix Investment Management.
This marks the fourth realization in the past three months for BlackRock’s Renewable Power platform and the latest addition to Equitix’s significant capabilities in the renewable energy sector.
The portfolio achieved commercial operations between 2010 and 2015. The portfolio was optimized by BlackRock by bringing the projects through construction and early stage development and optimizing the portfolio’s debt capital structure through a refinancing process. The de-risked portfolio provides Equitix with long-term income from a high-quality core infrastructure asset.
RBC Capital Markets and Linklaters are the financial and legal advisers for this transaction for BlackRock. PKF Francis Clark and Allen & Overy are the financial and legal advisers for this transaction for Equitix.