June 6, 2018 / 6:39 AM / in 14 days

BlackRock and Lightsource BP acquire 57 MW in UK solar assets

LONDON (Reuters) - ** BlackRock Real Assets and Lightsource BP acquire 57 megawatts of solar assets across seven sites in the UK, Lightsource BP said in a statement on Wednesday.

** The acquisition was made through BlackRock-Lightsource BP’s 1 billion pound ($1.34 billion) Kingfisher partnership, which targets UK solar power farm investments.

** The deal bolsters Lightsource BP’s UK solar portfolio to 2 gigawatts. BlackRock Real Assets is invested in more than 40 UK solar projects, representing about 450 MW of capacity.

Reporting by Oleg Vukmanovic, editing by Louise Heavens

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