BlackRock to acquire solar and solar plus storage assets from Excelsior Energy Capital.

BlackRock, an American multinational investment company, agreed to acquire solar and solar plus storage assets from Excelsior Energy Capital, a private equity firm. Financial terms were not disclosed. “We believe this diversified portfolio of long-term contracted commercial and industrial solar and storage projects represents an attractive platform investment for the core, open-ended Evergreen fund. This investment, sourced from a strong existing relationship across BlackRock Infrastructure with Excelsior, epitomizes the fund’s strategy of investing in long-dated infrastructure platforms with potential future growth well aligned with the energy transition and energy security,” James Berner, BlackRock Managing Director.