BlackRock Real Assets acquires solarZero in New Zealand for $60m

BlackRock Real Assets acquires solarZero in New Zealand for $60m

Image of Auckland, New Zealand from the sea

BlackRock Real Assets, the realty investment arm of global asset manager Blackrock, has acquired solarZero, a New Zealand-based provider of solar, battery storage and energy services, according to an announcement.

The deal was worth more than NZ$100 million ($60 million), per a report by IPE Real Assets. solarZero plans to invest $1 billion in new solar and battery systems across New Zealand over the next 10 years.

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