23 June 2023
Sydney Morning Herald: BlackRock raises $500m to build Australia’s biggest battery.
Image: BlackRock
The world’s biggest fund manager, BlackRock, has raised more than $500 million from local and offshore co-investors to help fund a giant grid-scale battery project in Australia that would rank as the largest in the southern hemisphere.
The $US9 trillion ($13 trillion) United States-based investment giant will make the announcement on Thursday, saying the co-funding from institutional investors and the federal government’s green bank will accelerate the development of the Waratah Super Battery in NSW and bring long-term capital to drive Australia’s transition to a low-carbon economy.
This article was featured on the Sydney Morning Herald. Read the full article here