Greenbacker Renewable Energy acquires 80-MW Iowa wind portfolio

By WPED Staff BlackRock Real Assets’ Global Renewable Power (GRP) platform has reached an agreement with Greenbacker Renewable Energy for the sale of its controlling interest in the 42.5-MW Elk and 37.5 MW Bethel operating wind energy facilities in Iowa. The transaction marks another exit for the GRP platform and is its second bilateral transaction with Greenbacker this year.
“Our second transaction with Greenbacker demonstrates our commitment to delivering value for our clients and to building strong, lasting, relationships with partners in our industry,” said David Giordano, global head of renewable power at BlackRock. “As one of the early movers in the renewables investment

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