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BlackRock Raises $252 Million for Clean Energy
Partners BlackRock Alternative Investors and NTR, an Irish clean energy developer, have raised $252 million of capital from 18 investors for their BlackRock NTR Renewable Power Fund, according to documents filed with the U.S. Securities and Exchange Commission.
The fund has been raising capital since March 2011 when BlackRock launched its renewable power investment group in partnership with NTR. Neither NTR nor BlackRock would comment on the deal, but NTR said in a statement, “We can confirm that there is a strategic relationship between the two companies, under which NTR will provide market perspective and insights to the renewable power investment team (