Source:
1Saur Energy International: The Top 5: Largest Battery Energy Storage Systems Worldwide – September 1, 2022.
2Australian Energy Regulator: Residential energy consumption benchmarks – December 9, 2020.
3BlackRock Global Renewable Power Fund III - March 27, 2023.
4BlackRock - March 27, 2023.
5New South Wales Treasurer, Minister for Energy – November 22, 2022.
6New South Wales Treasurer, Minister for Energy – October 4, 2022.
7BloombergNEF.
8Bloomberg “Battery Bonanza Is Being Sparked by Coal’s Exit in Australia” – March 8, 2023.
IMPORTANT INFORMATION The above investment demonstrates the largest Battery Energy Storage System (BESS) investment made by the investment team for GRP III. GRP III is closed to new investors. The above illustration is not meant to be a recommendation to buy or sell any particular security. Images for illustrative purposes only. The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable. There is no guarantee that future investment opportunities will be similar and that investments are inclusive of all BlackRock infrastructure strategies. To the extent that such investments prove to be successful, there is no guarantee that future investments will be profitable or as profitable.
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