BlackRock has plans to launch a New Zealand–focused strategy for institutional investors via its Climate Infrastructure franchise.
This country-led initiative seeks to create investment opportunities in target sectors, including wind, solar, batteries, electricity storage, electric vehicle charging, natural capital projects and green hydrogen. This initiative is expected to give New Zealand companies access to larger pools of capital, thereby accelerating growth and climate infrastructure buildout.
Although New Zealand has an 83 percent renewable-energy penetration rate, the transition to a 100 percent renewable electricity mix would require investment of NZ$42 billion ($26 billion) in renewable power generation and distribution as well as battery storage, according to BlackRock. This initiative would support New Zealand’s goal of becoming one of the world’s first countries to transition to a 100 percent renewable-energy-powered electricity grid by 2030 and achie