BlackRock Real Assets and Mubadala Investment completed the $525m investment in renewable energy unit of Tata Power.

BlackRock Real Assets, a private equity firm, and Mubadala Investment, a sovereign investor managing a global portfolio, completed the $525m investment in renewable energy unit of Tata Power, a power generation company. “We are pleased to invest alongside Tata Power in this well diversified and vertically integrated renewables business. With one of the largest portfolios of solar and wind assets in the country and a very experienced management team, Tata Power Renewables is at the forefront of India’s ambition to secure greater energy stability for its citizens while positioning its economy for a low carbon future. India’s success in transitioning its energy economy will be crucial to the world’s ability to meet its climate goals,” Anne Valentine Andrews, BlackRock Global Head of Real Assets.