DJIA51349.98 -161.61
S&P 5007704.13 -1.90
NASDAQ26939.37 3.34
Russell 20002835.57 -3.09
German DAX25266.53 -144.10
FTSE 10010679.99 -25.27
CAC 408081.43 -41.98
EuroStoxx 506272.95 -27.90
Nikkei 22566364.20 850.21
Hang Seng24761.13 -72.99
Shanghai Comp3888.37 -48.15
KOSPI7080.92 63.01
Bloomberg Comm IDX145.94 1.12
WTI Crude-fut98.80 -1.16
Brent Crude-fut93.02 -1.27
Natural Gas3.26 -0.03
Gasoline-fut3.27 -0.04
Gold-fut4327.30 19.10
Silver-fut65.11 0.92
Platinum-fut1780.00 11.80
Palladium-fut1262.00 -13.00
Copper-fut6.77 0.00
Aluminum-spot3195.00 0.00
Coffee-fut278.85 2.25
Soybeans-fut1303.50 -13.00
Wheat-fut691.00 -14.75
Bitcoin84578.80 391.40
Ethereum USD2703.68 20.87
Litecoin70.76 -0.33
Dogecoin0.10 0.00
EUR/USD1.1370 -0.0018
USD/JPY158.82 0.53
GBP/USD1.3216 -0.0025
USD/CHF0.8283 0.0033
USD IDX101.09 -0.17
US 10-Yr TR5.175 0.013
GER 10-Yr TR3.6028 -0.0081
UK 10-Yr TR5.366 -0.0191
JAP 10-Yr TR3.08 -0.002
Fed Funds4 0
SOFR3.87 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Direct Investment  + Alternative Assets  + M&As  + Real Assets  |  March 14, 2024
Blackrock Acquires Solar, Storage Portfolio from Excelsior
Joe Palmisano
By: Joe Palmisano

Blackrock Acquires Solar, Storage Portfolio from Excelsior

BlackRock‘s Evergreen Infrastructure Partners Fund has bought a portfolio of 38 solar energy and solar plus storage projects from Excelsior Energy Capital, a renewable energy investor.

Excelsior divested its entire stake as part of the transaction.

The sale to BlackRock is Minneapolis, MN-based Excelsior’s first exit from its maiden fund, Excelsior Renewable Energy Investment Fund I LP. The fund, which was launched seven years ago and attracted capital commitments above its $500 million target, has invested in solar, wind, and battery storage projects across 10 states.

The project portfolio consists entirely of operational solar and battery storage distributed generation projects with a total nameplate capacity of 89 MWDC, which formed a sub-portfolio within Excelsior’s Fund I.

“We believe this diversified portfolio of long-term contracted commercial and industrial solar and storage projects represents an attractive platform investment for the core, open-ended Evergreen fund,” said James Berner, Managing Director and head of the Americas for BlackRock’s Evergreen Infrastructure Partners Fund.

Connect

Inside The Story

Excelsior Energy CapitalBlackrock

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints