PATRIZIA and Mitsui close debut investment for A-SIF with initial AUD 70 million Australian renewables deal
Oct. 9, 2023
Summary:
· PATRIZIA MBK Fund Management, a joint venture between PATRIZIA and Mitsui, has completed the first investment for the APAC Sustainable Infrastructure Fund (A-SIF)
· Initial investment of AUD 70 million comprises an equity stake in YES Group as well as the funding of a diversified solar and battery energy storage development portfolio across regional Australia
· The investment has the potential to deliver total renewable generation capacity of over 150MW once fully developed, supporting Australia’s transition to green energy
· With a target size of up to USD 1 billion in Assets under Management, A-SIF is investing in the energy, digital, social and mobility sectors across key developed markets in APAC
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