BlackRock Real Assets to buy out Australian battery developer Akaysha Energy

BlackRock Real Assets to buy out Australian battery developer Akaysha Energy

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BlackRock Real Assets, the realty investment arm of global asset manager Blackrock, has agreed to buy out Melbourne-based battery storage and renewable energy development Akaysha Energy for an undisclosed amount.

As part of the proposed acquisition, BlackRock Climate Infrastructure, a fund managed by BlackRock Real Assets, will inject over A$1 billion ($700 million) into Akaysha’s string of nine big batteries portfolio across Australia with a 1-GW-plus capacity.

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