BlackRock will invest USD 400 mn in UAE's Positive Zero:New York-based investment company BlackRock is investing USD 400 mn in UAE-based decarbonization company Positive Zero through a diversified infrastructure fund, according to a statement. The investment will allow Positive Zero to grow its sustainable energy adoption and offer fully financed sustainable energy solutions across the GCC for commercial, industrial, and public sector organizations.

About Positive Zero: Positive Zero is a decentralized decarbonization infrastructure platform born out of a merger between solar company SirajPower, energy efficiency firm Taka Solutions, and on-demand battery company HYPR Energy. In its decarbonization efforts, Positive Zero also focuses on decentralized power generation, resource efficiency, and clean mobility. The platform also operates in Saudi Arabia and has plans to expand further across the MENA region.

Tags: