BlackRock unit sees growing investment opportunity in energy storage market

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries.Looking out over the next few years, energy storage is one market “where we’ll see the opportunity set expand,” said Martin Torres, head of the Americas at the renewables group within BlackRock Real Assets.BlackRock shook the financial universe this month when CEO Larry Fink said the company will put sustainability at the “center” of its investment approach. Exactly what Fink’s announcement will mean for BlackRock’s fossil fuel investments remains to be seen. But in the realm of renewables, at least, BlackRock’s green bona fides need little burnishing.Since 2011, BlackRock claims to have channeled $5.5 billion into more than 250 wind and solar projects around the world, a fleet that generates enough power to keep the lights on in Spain. And its appetite for renewables investment keeps growing.BlackRock’s first renewables private-equity fund drew around $600 million of commitments from big investors. The second, launched a few years later, brought in $1.65 billion. With its third “vintage,” known as the Global Renewable Power III fund (GRP III), BlackRock is targeting $2.5 billion of commitments; in December it announced a record $1 billion “first close,” meaning the fund can begin making investments even as it continues to bring in more capital.Onshore wind and utility-scale solar will remain core investments for GRP III, with a growing focus on repowering aging wind projects. But BlackRock is also keeping a close eye on the rapidly expanding U.S. energy storage market, Torres said.  “As we think about the opportunity set for GRP III, we see more and more opportunity for battery storage,” Torres said. That means distributed or utility-scale storage projects, and both standalone facilities or those coupled with wind or solar farms.[Karl-Erik Stromsta]More: BlackRock targets storage with new multibillion-dollar renewables fund BlackRock unit sees growing investment opportunity in energy storage marketlast_img read more

CLONMANY’S MARTINA WINS €25,000 ON LOTTO SHOW

first_imgMartina Callaghan from Clonmay, Co. Donegal won €25,000, including a luxury holiday, at the National Lottery’s Money Spinner event held at the Slieve Russell Hotel, Cavan on Saturday 26 July 2014. Pictured at the presentation of winning cheques were, from left to right: Brian Ormond, game show host; Martina Callaghan, winning player and Harry Cooke, Head of Operations, The National Lottery. The winning ticket was purchased in SuperValu, Carndonagh, Co. Donegal.Pic: Mac Innes PhotographyDONEGAL woman Martina Callaghan has something to cheer about today – she’s just won €25,000 including luxury holiday on a lotto game show.She won the cash on RTE’s Money Spinner TV programme.Martina is a retired factory worker.  She is from a family of six: James Anthony, Margaret Theresa, Veronica and John, who live in the area and brother Marius who lives in England with his wife Margaret and daugher Narelle.  She is close to her grandnieces and grandnephews Amy, Liam, Chloe, Lucy, Niamh and Eamer. Martina normally puts her nephews and nieces names on the Scratch Card but for some unknown reason she put her own name on this particular Scratch Card for the first time ever and had the luck to be drawn!Martina walks every day. She loves listening to country and western music, especially Big Tom. She would have travelled everywhere to see him – that’s her Garth Brooks! She last saw him live last October.Her grandniece Chloe gave her a teddy bear to bring with her for luck when spinning the wheel.“I can’t believe it, I still feel I’m chatting about somebody else.” Martina hasn’t even thought about how she will spend her winnings as she just felt so lucky to be a Money Spinner contestant. CLONMANY’S MARTINA WINS €25,000 ON LOTTO SHOW was last modified: July 28th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:clonmanyMartina CallaghanMOney Spinnernational lotteryRTETVlast_img read more