BlackRock RA extends energy franchise to Asia Pacific
BlackRock Real Assets has announced it has extended its energy franchise by appointing its managing director, Charlie Reid to lead investments across the Asia-Pacific region.
He will be based in Sydney and be responsible for sourcing, executing and managing renewable infrastructure assets in the Asia Pacific.
Reid previously served as a portfolio manager at BlackRock Renewable Power’s investment team in London for over seven years, where he was responsible for BlackRock’s renewable income platform which currently manages over US$2.2 billion of capital.
He was also in charge of investments in wind and solar assets across a number of European markets.
The firm said Reid’s move followed a growing investment opportunity created by power generation in the Asia-Pacific region, which is currently undergoing a major shift and accounts for 44 per cent of global onshore wind and almost 6 per cent of global solar generation capacity.
BlackRock’s head of Australasia, Dominik Rohe, said: “In the long term, investing in renewables makes sense not only for investors but also for communities in which we live and work, making it a genuine win-win scenario.”
“For this reason, we are pleased to continue supporting the region’s increased focus on renewable power. Charlie’s tremendous amount of expertise will strongly contribute to our capabilities in this space, as we build out and diversify BlackRock’s business in the region.”
BlackRock Renewable Power is a dedicated franchise under BlackRock Real Assets, managing US$5 billion of equity assets under management.
It is currently invested in more than 250 wind and solar projects globally, with 40 projects in the Asia Pacific (Australia, Japan and Taiwan).
AUTHOR
Oksana Patron
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