Powered by

BlackRock Lines Up Buyer for Solar Portfolio

Feb 01, 2019 - Power, Finance and Risk

BlackRock Real Assets has agreed to sell a 40 MW portfolio of operational solar assets located in Ontario, Canada, to Ullico.

The portfolio comprises assets that BlackRock acquired from Canadian Solar in 2013 and 2014. They are 10 MW each in size and named Oro-Medonte, Westbrook, Demorestville and Taylor Kidd.

Bank of America Merrill Lynch acted as financial adviser to BlackRock on the transaction while Osler provided legal counsel.

Norton Rose Fulbright was legal adviser to Ul...