BlackRock Real Assets has signed an agreement to sell a portfolio of four operating solar projects in Ontario, Canada, to Ullico for an undisclosed sum. BlackRock Real Assets has agreed to sell a portfolio of three operating solar projects to Ullico . The company planned , funded and supervised construction on the co - located projects over a timespan exceeding 18 months . The solar farms have secure , long - term cash flows because of their standardised fixed feed - in - tariff offtake contracts with the Public Electricity System Operator of Ontario . Ullico said the deal adds strength to its portfolio , giving it a reliable money source and healthy off - take contracts . BlackRock highlighted the deal as the latest successful realisation of its Renewable Power platform , reinforcing its “ commitment to providing value to our clients ” .
BlackRock Real Assets has agreed to sell a portfolio of three operating solar projects to Ullico . The company planned , funded and supervised construction on the co - located projects over a timespan exceeding 18 months . The solar farms have secure , long - term cash flows because of their standardised fixed feed - in - tariff offtake contracts with the Public Electricity System Operator of Ontario . Ullico said the deal adds strength to its portfolio , giving it a reliable money source and healthy off - take contracts . BlackRock highlighted the deal as the latest successful realisation of its Renewable Power platform , reinforcing its “ commitment to providing value to our clients ” .