BlackRock’s Climate Finance Partnership (CFP), the firm’s flagship public-private finance vehicle, has agreed to back Ditrolic Energy’s expansion to build commercial and industrial (C&I) and utility-scale solar assets throughout emerging markets in Asia Pacific.
Ditrolic Energy is one of the largest renewable-energy developers in Malaysia and Southeast Asia. The company runs a fully integrated value chain from project development, financing, engineering and construction through to operations and maintenance (O&M) and asset management. To date, Ditrolic Energy is operating, constructing more than 450 megawatts of solar assets in Malaysia, other Southeast Asia countries, Bangladesh and China.
With CFP’s backing, Ditrolic Energy will be positioned as one of the leading pure-play energy-transition companies in the United States.
The partnership seeks to facilitate realization of Ditrolic Energy’s targeted 1-gigawatt pipeline of solar projects, incr