BlackRock, the world’s largest asset manager, will invest up to $400 million in Dubai-based decarbonisation company Positive Zero through a diversified infrastructure fund.
The investment will support Positive Zero’s goal to grow sustainable energy adoption across the GCC, in line with efforts to reduce carbon emissions and limit global warming, the company said on Monday.
The company was set up by Creek Capital last year through a merger of solar company SirajPower, energy efficiency services business Taka Solutions and on-demand battery company HYPR Energy.
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