BlackRock Real Assets Acquires National Renewable Solutions
August 18, 2021
BlackRock Real Assets has acquired 100% of National Renewable Solutions (NRS), a Minneapolis-based developer of utility-scale wind and solar projects, to accelerate development and ownership of NRS’s project pipeline of more than 3.5 GW across the Western United States. Terms were not disclosed; the deal pairs NRS’s on-the-ground development expertise and >1 GW of developed projects with BlackRock’s capital markets capabilities and global renewable power platform.
- Buyers
- BlackRock Real Assets (BlackRock)
- Targets
- National Renewable Solutions
- Industry
- Energy
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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