Real asset manager Patrizia and Mitsui & Co have secured a $70m (€61m) cornerstone commitment from EIB Global to support clean energy projects across emerging Asian countries.
The capital, which will be deployed through Patrizia’s Emerging Asia Sustainable Infrastructure Fund (ESIF), will be used to mobilise private investment into renewable energy, sustainable cooling and low-carbon mobility solutions throughout the region.
ESIF is a climate-focused investment programme managed by Patrizia MBK Fund Management, a long-standing joint venture between Patrizia and Mitsui & Co.
Upon closing, ESIF will be seeded with a portfolio of three growth platforms consisting of Parkwise in the Philippines, Buskowitz Energy in the Philippines and Kaer, which operates across Singapore, Malaysia, India and Indonesia. The fund will also support seed growth in new regional markets such as Thailand and Vietnam.
Saji Anantakrishnan, head of infrastructure, Australia & Asia at Patrizia, said: “Emerging Asia is at the forefront of the global energy transition, but the region continues to face a significant funding gap for sustainable infrastructure.
“The commitment from EIB Global is a strong endorsement of Patrizia’s long-term energy transition strategy in Asia and reinforces our ability to originate, develop and scale high-impact platforms across renewable energy, sustainable cooling and low-carbon mobility.”
Nicola, Beer, EIB vice president, said: “Ongoing energy shocks are hitting households and businesses across Asia. This investment shows how the EIB can crowd in European and global capital at scale to build the region’s next generation of clean and resilient infrastructure.
“By backing Patrizia with patient equity, we are turning global gateways into concrete assets – from renewables and sustainable mobility to digital connectivity – while strengthening the EU’s economic footprint and tackling climate and development challenges head‑on.”
Takashi Nakai, general manager of financial business division at Mitsui & Co, said: “Our partnership with Patrizia has a strong track record in developing and scaling sustainable infrastructure platforms across Asia. As our second emerging markets strategy together, ESIF reinforces our shared commitment to mobilising capital into high-impact energy transition solutions and supporting long-term, sustainable growth across the region.”
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