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BlackRock hits final close of third global renewable power fund at $4.8b
A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz
April 8, 2021
Global investment manager BlackRock’s arm, BlackRock Real Assets, has hit the final close of its latest global renewable power fund at $4.8 billion, making it the largest independent climate infrastructure fund globally.
Global Renewable Power Fund (GRP) III, which invests in renewable power generation across Americas, Europe, and Asia, attracted commitments from over 100 institutional investors from over 18 countries, the firm said.
The fund is the third vintage of BlackRock’s global renewable power fund series. It seeks to invest across the spectrum of climate infrastructure assets, with a focus on renewable power generation, and energy storage and distribution.
BlackRock veteran joins Lindsay Goldberg as partner
Cathleen Ellsworth joined alternative investment firm Lindsay Goldberg as a partner, according to a spokesman.
The position is new. Ms. Ellsworth is in charge of capital raising and investor relations at the firm.
Ms. Ellsworth comes from BlackRock, where she was a managing director, head of fundraising and investor relations, and co-head of co-investments and capital formation for its Global Energy & Power Infrastructure Fund.
Ms. Ellsworth joined BlackRock in 2017 when the asset manager acquired the energy infrastructure business of private equity firm First Reserve.
“Cathleen Ellsworth informed us of her decision to pursue a new opportunity after 30 years with BlackRock’s Global Energy & Power Infrastructure Funds business (including her time at First Reserve),” BlackRock said in a statement. “We are grateful for her many contributions and wish her all the best in her future endeavors.”
Calisen posts 2020 revenue increase as smart meter installations rise
Tue, 2nd Mar 2021 11:26
(Alliance News) - Calisen PLC on Tuesday said it ended the year in a stronger position than it had been in at the start despite challenges caused by Covid-19.
The Manchester-based smart energy provider reported 2020 revenue of GBP248.1 million, up 19% from GBP208.8 million in 2019. This was due to its base of revenue-generating smart meters increasing by 15%, despite the suspension of installations during the first lockdown, to reach 6.0 million meters at the end of the year.
Calisen s 2020 pretax loss narrowed to GBP17.2 million from a GBP80.1 million loss in 2019, as non-essential smart meter installations were suspended between March and June. However, this was partially offset by a lower than expected number of traditional meter removals that continued to produce revenue and cash flow, it said.
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