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ENVIRIA , a German C&I decentralised energy solutions provider, has entered into a definitive agreement on an equity investment of over $200 million from BlackRock, through its Global Renewable Power IV (GRP IV) fund. ENVIRIA said the additional capital will support the expansion of its already existing portfolio of 500 C&I solar projects across Germany as part of the company’s growth plan. “We are delighted to have found such a strong partner in BlackRock, who so enthusiastically supports our vision of empowering companies to harness the potential of solar,” said Melchior Schulze Brock, Founder and Chief Executive Officer of ENVIRIA. “BlackRock brings exactly the resources we need to continue our growth – both financially and in terms of knowledge." ENVIRIA is also supported in its goal by its Series A investors Galileo Green Energy, Redalpine, Alter Equity and BNP Paribas Développement. In addition to its 500 C&I solar portfolio, ENVIRA boasts a development pipeline that includes c.2,000 C&I projects totalling more than 2.3 GW, with a plan to deploy 1.7 GW by 2029. ENVIRIA represents the second investment that BlackRock’s GRP IV has made following the fund’s investment in Recurrent Energy in January. “Our investment in ENVIRIA adds to our strong track record of staying ahead of the curve in investing into infrastructure assets that are aligned with the energy transition, an investment theme that continues to show its growth and scalability,” commented Keith Mangan, Head of EMEA for Climate Infrastructure at BlackRock. Dirk Schmitz, Country Head of BlackRock in Germany, Austria, and Eastern Europe, added: “Germany’s shift to a low-carbon economy requires significant investment in renewable power infrastructure. “We are pleased to provide our clients access to this investment in a promising macro-economic environment for climate infrastructure in Germany." J.P. Morgan SE acted as exclusive placement agent to ENVIRIA on this transaction, while White & Case LLP acted as the legal advisor. #cleanenergy

ENVIRIA welcomes over $200 million commitment from BlackRock

ENVIRIA welcomes over $200 million commitment from BlackRock

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