- The unit in BlackRock Inc. s real estate and infrastructure has purchased National Renewable Solutions, a developer of utility-scale wind and solar projects in the U.S.
The asset manager's BlackRock Real Assets owns 100% of NRS and will operate the company's current project development pipeline of over 3.5 gigawatts of assets in New Mexico, Colorado, Arizona and Nevada, BlackRock said in an emailed statement. The acquisition price was not disclosed.
NRS was founded in 2011 and has developed over 1 gigawatt of clean energy projects which are either already built or were to be built this year. BlackRock Real Assets has invested in 250 wind and solar project across three continents.