BlackRock announces US$4.8 billion final close of Global Renewable Power Fund III

BlackRock announced the US$4.8 billion final close of Global Renewable Power Fund III, with commitments from more than 100 institutional investors across over 18 countries. The fund targets renewable generation and supporting climate infrastructure across the Americas, Europe and Asia, including storage, distribution and electrified transport. The release identifies predecessor GRP I and GRP II as 2012 and 2016 vintages, respectively.