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Excelsior Energy sells solar assets from inaugural fund to BlackRock
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Excelsior Energy sells solar assets from inaugural fund to BlackRock
Mar 12, 2024 4:54 AM

March 12 (Reuters) - Renewable energy investor Excelsior

Energy Capital said on Tuesday it has sold a portfolio of solar

assets from its Fund I portfolio to BlackRock's ( BLK )

Evergreen Infrastructure Partners Fund.

The portfolio consists of 38 solar energy and solar plus

storage projects, the company said, adding that it has divested

its entire stake as part of the deal. Financial details of the

deal were not disclosed.

Excelsior said the project portfolio consists of operational

solar and battery storage distributed generation projects with a

total capacity of 89 megawatts (MWDC).

The fund, Excelsior Renewable Energy Investment Fund I LP,

was launched seven years ago and had invested in solar, wind,

and battery storage projects across ten states in the United

States.

Last month, BlackRock ( BLK ) had committed over $200 million to

Enviria, a German commercial and industrial solar startup, to

boost the asset management giant's renewable energy investments.

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