BlackRock raises €650 million

The European Investment Fund has committed to the vehicle.

BlackRock has held a final close for its Renewable Income Europe Fund at €650 million, exceeding its initial target of €500 million. The vehicle, which was launched in February 2015, will invest into wind and solar projects in the UK and Ireland, among other Western European opportunities.

The European Investment Bank (EIB) committed to the fund, alongside 24 other institutional investors based in Europe and Asia.