Announced
Financials
Sources
Tags
Renewable Energy Equipment
photovoltaic projects
Germany
Acquisition
Minority
Friendly
Private
Private Equity
Cross Border
Pending
Single Bidder
Synopsis
BlackRock, an American multinational investment company, agreed to invest $200m in ENVIRIA, a commercial and industrial decentralized energy solutions provider. With this investment, ENVIRIA and BlackRock are leveraging one of the greatest growth areas in the energy transition: offering decentralized energy via rooftop solar and adjacent services at scale. It is estimated that German companies consume around 70% of the total national electricity usage while only around 10% of suitable company roofs are equipped with a solar system. This leaves a potential of several hundred GW of renewable energy capacity untapped. With rooftop sizes across the C&I sector being on average significantly larger than residential buildings, renewable energy capacities can be rapidly deployed.
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