TAIPEI (June 26): BlackRock Real Assets is aiming to boost its renewable power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world's fastest-growing region for green energy.

The unit of New York-based BlackRock Inc plans to raise invested capital in Asia-Pacific renewables to around US$3 billion to US$5 billion ($4.1 billion to $6.8 billion), from US$500 million now, over the next three to five years, according to Charlie Reid, managing director and portfolio manager of the BlackRock Renewable Power investment team.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook