Acquisition of a leading Australian battery storage developer

Quick facts about the investment

   

1
billion AUD committed to support the build-out of over 1 Gigawatt of battery storage assets1

BlackRock Alternatives will commit up to AUD 1 billion to support the build-out of over 1 Gigawatt of battery storage assets in Australia.

15
million tons of CO2 expected to be reduced over the lifetime of the projects2

The investment will support the grid at a critical time in Australia’s energy transition and is expected to reduce over 15 million tons of CO2 over the lifetime of the projects.

4000
megawatt of supply of clean, affordable renewable energy will be rolled out faster across Australia3

At full capacity, the projects will help accelerate the roll-out of a further 4,000MW of supply of clean, affordable renewable energy across Australia.

Footnotes:

1. Source: BlackRock, 9 August 2022.

2. Source: BlackRock, 9 August 2022.

3. Source: BlackRock, 9 August 2022.