BlackRock recently invested in the European activities of Windvision, an independent renewable energy supplier. The company has been operational in eight countries across two continents. The investment was made by BlackRock as part of the deployment of its Global Renewable Power III fund (“GRP III,”), and will help support Windvision’s portfolio of development, construction and operational assets that will be built-out across Belgium, France and Spain.
The investment by Blackrock’s GRP III fund is the first in Belgium, and offers the opportunity to accelerate Windvision’s growth to make it a leading platform in its target markets across continental Europe.The pipeline consists of about 1 GW of greenfield projects in different development stages, and a 19 MW operational project in Gesves-Ohey, Belgium.
Green Giraffe acted as sole financial advisor to the shareholders of Windvision in this transaction.
