German solar company ENVIRIA has received USD 200 million in funding from BlackRock’s Global Renewable Power IV (GRP IV) fund. This investment will be used to develop 2,000 commercial and industrial (C&I) solar projects across Germany. These projects are expected to contribute 2.3 GW of renewable energy capacity to the country’s grid. ENVIRIA aims to achieve 1.7 GW of this capacity by 2029, building on its existing portfolio of 500 completed C&I solar projects.
ENVIRIA secures over USD 200 million from BlackRock
The BlackRock GRP IV fund has invested USD 200 million in German solar company ENVIRIA. (Image Credit: Pexels)
Phoenix Financial converts €4.2 million into equity in Econergy’s Resko project, gaining 49% ownership in Poland’s renewable energy sector. (Image Source: Ecoenergy Renewable Energy Ltd/Linkedin)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
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With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)