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Blackrock fund manager eyes renewable revolution

Renewable energy investments will grow five-fold as energy production undergoes radical changes. This change will open up new investment opportunities in energy generation, Blackrock's Swedish portfolio manager says to Helsingin Sanomat.

Photo: Lucas Jackson/Reuters/Ritzau Scanpix/Reuters / X90066

Investments in wind and solar energy are expected grow five-fold over the next 20 years, says Sverker Åkerblom, Portfolio Manager at Blackrock.

Speaking to Helsingin Sanomat newspaper in Finland last week, Åkerblom notes that whereas fossil fuels currently represent two thirds of all energy generated and renewable energy only a third, in 2050 the situation will be reversed, and renewable energy will make up two thirds of all energy produced.

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