BlackRock Fund Buys Stake in Top Africa Wind Farm From Vestas – Bloomberg

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Wind turbines at the Lake Turkana Wind Power wind farm in Kenya.
Photographer: Yasuyoshi Chiba/AFP/Getty Images
Vestas Wind Systems A/S sold its 12.5% stake in Lake Turkana Wind Power, Africa’s largest wind farm, to a fund managed by BlackRock Inc.
Vestas didn’t disclose the value of the deal, which was initially announced in March 2023. In total, BlackRock’s Climate Finance Partnership sought to buy 31.25% of the 310-megawatt facility located in northern Kenya from other shareholders including Finland’s development financier Finnfund and Denmark’s Investment Fund for Developing Countries known as IFU.

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