BlockRock Announces BRL 4.8 Billion Investment in Renewable Energy

Written by Roberta Souza

Published on 14/04/2021 at 18:47

Fonte de energia renovável/ Fonte: Energia em Conserva

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BlockRock Announced It Will Invest About US$ 4.8 Billion in Renewable Energy; This Is the Third Investment Fund of the Largest Fund Manager in the World

The largest asset manager in the world will invest in renewable energy assets. BlockRock will invest US$ 4.8 billion, which according to information from Bloomberg, is nearly double its original target. The company already has over US$ 7.2 trillion in assets worldwide.

Investments in Renewable Energy

This will be the third global renewable energy fund established by BlockRock, which has already attracted funds from over 100 institutional investors. This is the latest sign of increasing investor interest in buying into the growing renewable energy industry.

BlackRock plans to primarily invest in wind and solar assets in Europe, the United States, and some countries in the Asia-Pacific region, such as South Korea, Japan, and Taiwan. It has signed an agreement related to offshore wind energy in Asia. The investments being made do not include sugarcane biomass.

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Growth in Clean Energy Investments

Jim Barry, director of investments at BlackRock Alternatives Investors, says that significant changes are happening as a result of global decarbonization and large companies want to invest in renewable energy. This is by far the largest renewable energy fund from BlackRock Real Estate, nearly three times the size of the previous fund.

Although in the past BlackRock primarily purchased ready-to-use or operational renewable energy assets, this time it is diversifying into early-stage projects and also purchasing for developers. The fund will also seek to invest in other technologies, such as smart meters, smart grids, and electric vehicle infrastructure.

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Apple Makes Investment in Renewable Energy Storage

Apple announced that it will establish and make new investments in California to build a battery-based renewable energy storage facility near the solar facility that already provides power to all operations. This project aims to reduce carbon dioxide emissions.

According to Apple, the project aims to attract new investments in renewable energy and will store 240 MWh of energy, enough to power over 7,000 homes per day. It is located near the California Plains solar facility, in southeastern Monterey County, about 160 kilometers southeast of Apple’s headquarters in Cupertino, California.

The site sends 130 megawatts of electricity directly to Apple’s factory in California during the day but does not supply electricity during periods of darkness. Lisa Jackson, Apple’s Vice President of Environmental, Policy, and Social Initiatives, said in an interview that the company plans to develop what it considers to be one of the largest battery-based storage systems in the United States.

Sustainable Projects by Apple

Apple is constantly investing in new tools for its suppliers to achieve its renewable energy goals and bring new clean energy to communities worldwide. In Europe, the “wind energy purchase agreement” of DSM Engineering Materials is bringing new clean energy to the Dutch power grid, and the solar garage of STMicroelectronics in Morocco supports regional energy production.

After joining Apple’s clean supplier program five years ago, companies like Solvay are now expanding their use of renewable sources for a wider range of businesses. In the United States, Alpha and Omega Semiconductor, Marian, The Chemours Company, and Trinseo have recently worked on the project. Since July 2020, 15 suppliers in China have joined Apple’s program.

BlockRock Announces BRL 4.8 Billion Investment in Renewable Energy

BlockRock Announced It Will Invest About US$ 4.8 Billion in Renewable Energy; This Is the Third Investment Fund of the Largest Fund Manager in the World

Investments in Renewable Energy

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Growth in Clean Energy Investments

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Apple Makes Investment in Renewable Energy Storage

Sustainable Projects by Apple

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BlockRock Announces BRL 4.8 Billion Investment in Renewable Energy

BlockRock Announced It Will Invest About US$ 4.8 Billion in Renewable Energy; This Is the Third Investment Fund of the Largest Fund Manager in the World

Investments in Renewable Energy

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Growth in Clean Energy Investments

Also Check Out:

Apple Makes Investment in Renewable Energy Storage

Sustainable Projects by Apple

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

Gepard 1A2: the armored vehicle that fires 1,100 rounds per minute and became a shield against drones in Brazil.

The United States Army has an armored vehicle that reaches speeds of up to 100 km/h, capable of operating normally on different types of terrain and also on asphalt without causing damage; equipped with a 350 hp engine, it can transport up to 9 soldiers — meet the Stryker.

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