Asset Management

BlackRock raises $1.4bn for renewable power fund

The feat comes as private fundraising for renewables has overtaken conventional energy for the first time

BlackRock's new fund has put £600m into solar and wind so far
BlackRock's new fund has put £600m into solar and wind so far Photo: iStockphoto

BlackRock has raised one of the biggest single funds ever investing in renewable power.

The feat underlines the growing appeal to investors of renewables and comes in a year in which private fundraising earmarked for green energy has overtaken that for conventional power generation for the first time.

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