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BlackRock Real Assets has acquired National Renewable Solutions (NRS), a Minneapolis-based renewable energy developer focused on early stage wind and solar projects in the US.

BlackRock has bought 100% of the equity in NRS, with a goal of developing, owning, and operating the company’s current project development pipeline of more than 3.5GW, with assets in New Mexico, Colorado, Arizona and Nevada.

"BlackRock's investment puts NRS at the forefront of this effort and will allow us to quickly grow into a recognized leader in the development of sustainable and economically viable renewable energy projects."

BlackRock Real Assets operates one of the largest renewable power equity investment platforms in the world with over $9bn (€7.7bn) in total commitments and investments in 250 wind and solar projects across 13 countries and 4 continents.

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