Funding and M&A Roundup: BlackRock Real Assets Invests in South Korean Solar Company

German solar project developer 7C Solarparken AG raises €25.8 million

August 22, 2021

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BlackRock Real Assets, an investment banking firm, has signed an agreement to acquire an undisclosed amount of equity stake in a South Korean solar aggregator and operator, Brite Energy Partners. The firm aims to inject more than $100 million capital over time to fund the acquisition and construction of solar assets of over 350 MW in power generation capacity. All projects developed and acquired by Brite Energy Partners are expected to be fully contracted under 20-year terms with Korean firms, including state-owned Korea Electric Power subsidiaries.

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