Head of BlackRock Taiwan Leo Seewald said, "We are pleased to add renewable power capabilities to our local investment platform and strengthen BlackRock's presence in Taiwan, while supporting the market's transition to renewable energy." J&V Energy CEO Kai Tan said, "The agreements with BlackRock and New Green Power are an important step in our portfolio strategy and demonstrate the growing maturity of Taiwan's secondary market for renewables. The arrangement frees up capital for further investments and enables J&V Energy to continue to originate additional opportunities to create long-term value for our shareholders." Recently, Global Energy & Power Infrastructure Fund III (GEPIF III), a BlackRock Real Assets power and energy infrastructure fund, secured $1.5 billion in commitments from prominent institutional investors in North America, Middle East, Europe and Asia, subject to certain post-closing conditions.