The investment comprises an equity interest in Australia-headquartered Yates Electrical Services (YES) Group, together with a commitment to fund the development of a portfolio of predominantly small-scale solar photovoltaic (PV) generation and battery energy storage solutions throughout regional Australia.
International trading and investment company Mitsui & Co and pan-European real estate investment manager Patrizia have committed to invest up to A$70 million ($60.93 million) in a major solar and battery development programme in Australia through the APAC Sustainable Infrastructure Fund (A-SIF), announced the two parties on Oct 9.
The deal marks the debut investment for A-SIF, a joint venture launched in January.
