Local commercial and industrial rooftop solar and renewable energy solutions provider, Buskowitz Energy Inc. secured binding agreements for an investment from APAC Sustainable Infrastructure Fund (A-SIF), managed by PATRIZIA MBK Fund Management Pty Ltd (PMBK).
PMBK is a joint venture between Germany’s PATRIZIA SE and Japan’s Mitsui and Co. Ltd.
Buskowitz said in a statement yesterday that A-SIF is targeting to invest up to US$100 million equivalent to P5.6 billion through fund and co-investments in the company.
The company said the investment consisting of a combination of primary and secondary share acquisition follows the recent US$36 million project finance facility secured from the Asian Development Bank and Philippine National Bank.
Buskowitz added the development significantly increases the capital available for the company to roll out its extensive pipeline of more than 500 megawatts peak (MWp) of solar projects across the Philippines.
Saji Anantakrishnan, PATRIZIA head of infrastructure for Australia and Asia, said that such move was also made as “renewable energy in the Philippines is a fast-growing sector that presents compelling opportunities for A-SIF…”
Buskowitz said that apart from growth in installed capacity, the partnership with PMBK will provide resources to explore new and complementary initiatives to help clients meet their sustainability goals.
