ENVIRIA receives over USD 200 million investment from BlackRock

Key partnership for a greener future: ENVIRIA and BlackRock join forces to unlock the untapped potential of commercial rooftop solar energy

Frankfurt am Main, February 29, 2024 - ENVIRIA, a German company specializing in commercial and industrial (C&I) solar solutions, today announced an equity investment of over USD 200 million by BlackRock through its Global Renewable Power IV (GRP IV) fund.

BlackRock's investment and expertise for future growth

The capital injection from BlackRock, a global player in climate infrastructure, will help provide financial support and expertise for ENVIRIA's continued growth. BlackRock's long-standing experience in renewable energy and climate infrastructure is seen as a valuable contribution to ENVIRIA's future projects.

We are delighted to have found such a strong partner in BlackRock to support our vision of providing companies with easy access to solar energy.

Melchior Schulze Brock, Founder and Managing Director of ENVIRIA

ENVIRIA's success and the end-to-end business model

ENVIRIA's success is based on an efficient end-to-end business model that covers the entire solar value chain - from development to installation, maintenance and operation of the systems. The company sees itself in an optimal position to meet the growing interest in renewable energies in an evolving economic environment.

ENVIRIA's lucrative value proposition as a full-service provider of PV systems is an excellent example of the use of scalable innovation in this sector

Keith Mangan, Head of EMEA for Climate Infrastructure at BlackRock

Outlook: Realization of 1.7 gigawatts by 2029

With BlackRock's support, ENVIRIA plans to realize approximately 1.7 gigawatts of installations by 2029, marking a further step towards a sustainable energy transition and underlining ENVIRIA's role as a pioneer in the development of solar solutions for industry and commerce.