Announced
Financials
Sources
Tags
Pending
Private
Private Equity
Acquisition
Minority
Friendly
South Korea
Cross Border
renewable energy
Alternative Fuels
Single Bidder
Synopsis
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.
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