BlackRock Climate Infrastructure, has established a partnership with Google. The partnership includes capital investment from Google into BlackRock's portfolio company New Green Power .

NGP stands as one of Taiwan's top three solar industry developers and is among the early entrants into the Japanese market for solar operations. Providing a comprehensive "One-Stop Service," the company offers professional integrated solutions covering the planning, design, construction, operations & maintenance, and asset management of solar energy systems, aiding clients in achieving their energy transition objectives. With a solid global recognition for service quality, New Green Power has successfully implemented over 500MW of solar projects in both Taiwan and Japan.

BlackRock Real Assets has entered into an agreement that will increase its stake in Taiwanese solar developer New Green Power (NGP) to 100%.

NGP has actively faced challenges at multiple solar panel sites in their eight years of establishment. The Company has accumulated experience in the project construction containing rooftop type, ground type, or floating type, as well as their most recent projects with fishery and electricity symbiosis involved. NGP already finished Taiwan’s first site of this type in 2018, and plan to finish construction on another site in Tainan, making their total capacity reach 123 MW.

Despite 2020’s pandemic, NGP exhibits huge breakthroughsand growth, with a single year ofgrid capacity reaching 100 MW, and a new market share highof 8%.Last September, international investor BlackRock Real Assets became strategic partners with New Green Power and is acknowledged as the company’s first huge foreign equity investor.