BlackRock completed the acquisition of an additional stake in Brite Energy Partners for $50m.

BlackRock, an American global investment management corporation, completed the acquisition of an additional stake in Brite Energy Partners, a Korean solar power plants operator and battery energy storage systems provider, for $50m. The investment will support further growth of BEP’s Solar and battery energy storage system portfolio, which aims to reach more than 1 GW in the coming years.