BlackRock to invest $100m in Brite Energy Partners.

BlackRock agreed to invest $100m in Brite Energy Partners, a developer and operator of renewable energy power generation facilities. The investment will be used to fund BEP’s acquisition and construction of small-scale solar assets in South Korea, totalling more than 350MW. All the projects developed and acquired by BEP are planned to be fully contracted under 20-year agreements with subsidiaries of the state-owned Korean Electric Power.