The developer behind Victoria’s Mortlake Energy Hub has secured a €150 million (around $A245 million) investment from global asset manager Mirova to accelerate the development of more than 2 gigawatts (GW) of multi-technology renewable energy infrastructure across Australia.
Renewable energy developer Yanara, which was spun out of BrightNight’s Asia Pacific business last year, announced this week it had secured the approximately $A245 million investment from Mirova, an affiliate of Natixis Investment Managers, one of the world’s largest asset managers.
The investment will be used to support the development of more than 2 GW of renewable energy across Victoria, New South Wales, and Western Australia.
A “significant portion” of the investment is destined to support the ongoing construction of Yanara’s flagship Mortlake Energy Hub in Victoria, which combines 450 megawatts (MW) of solar with a 600 MW/2,400 megawatt-hours (MWh) battery energy storage system (BESS) capable of supplying 600 MW for four hours.
Construction of the Mortlake Energy Hub is aiming to start in mid-2026, suggesting an announcement could be made at any point now.
