Yanara, a renewable energy developer focused on the Asia-Pacific region, has secured a €150 million investment from Mirova, the sustainable investment affiliate of Natixis Investment Managers, to accelerate the expansion of its utility-scale renewable energy portfolio across Australia.
- Investment to Accelerate Australia’s Renewable Energy Expansion
- More Than 2 GW of Renewable Energy Projects Planned
- Mortlake Energy Hub to Receive Major Investment
- Yanara’s Global Renewable Energy Pipeline Exceeds 5 GW
- Mirova Strengthens Commitment to Sustainable Infrastructure
- Raphael Lance, Global Head of Private Assets at Mirova, said:
- Nicolas Hayon, Managing Director, Energy Transition Funds, Mirova, added:
- Australia’s Renewable Energy Market Continues to Expand
- Looking Ahead
The investment will support the development of more than 2 GW of renewable energy infrastructure across Victoria, New South Wales, and Western Australia, strengthening Australia’s clean energy capacity while supporting its long-term energy transition and net-zero objectives.
Investment to Accelerate Australia’s Renewable Energy Expansion
The strategic investment marks Yanara’s first dedicated capital raise for its Australian operations and will be used to accelerate the rollout of utility-scale renewable energy projects combining solar, wind, and Battery Energy Storage Systems (BESS).
The funding is expected to strengthen Australia’s renewable energy infrastructure while improving grid reliability through the deployment of flexible and dispatchable clean energy assets.
Jerome Ortiz, CEO of Yanara, said:
“This investment marks yet another defining milestone in Yanara’s growth journey. Mirova is one of the world’s most respected sustainable investors, and we are proud to welcome them as our partner in Australia. We share a common vision of accelerating the energy transition through high-quality infrastructure that delivers long-term environmental, social and economic value. Together, we will help build the next generation of reliable and dispatchable renewable energy solutions for Australia.”
More Than 2 GW of Renewable Energy Projects Planned
Yanara plans to develop over 2 GW of multi-technology renewable energy infrastructure across several Australian states.
The projects will include:
- Utility-scale solar power plants
- Wind energy projects
- Battery Energy Storage Systems (BESS)
- Hybrid renewable energy developments
The investment is expected to enhance Australia’s energy security while supporting the country’s transition toward a cleaner and more resilient electricity grid.
Mortlake Energy Hub to Receive Major Investment
A significant share of the funding will be allocated to Yanara’s flagship Mortlake Energy Hub in Victoria.
The large-scale hybrid renewable energy project will combine:
- 450 MW Solar Power
- 600 MW / 2,400 MWh Battery Energy Storage System (BESS)
The project will be developed in two phases and is expected to generate enough renewable electricity to power approximately 200,000 homes while significantly reducing annual carbon emissions.
Construction of the first phase is expected to commence soon and is projected to create more than 300 jobs, providing an economic boost to regional communities.
David Delmas, CEO, Australia, Yanara, said:
“Australia’s energy market increasingly requires renewable power that is reliable, scalable and available when it is needed most. With Mirova’s support, we can accelerate the development of our gigawatt-scale pipeline and bring more hybrid renewable energy projects to market. Yanara has built a differentiated portfolio and assembled a highly experienced team to support Australia’s growing demand for firm and dispatchable clean power. This partnership positions us strongly for the next phase of the country’s energy transition.”
Yanara’s Global Renewable Energy Pipeline Exceeds 5 GW
Yanara is currently developing a diversified renewable energy portfolio exceeding 5.1 GW across:
- Australia
- India
- The Philippines
Its portfolio includes:
- Solar energy
- Wind energy
- Hybrid renewable projects
- Battery Energy Storage Systems (BESS)
The company focuses on delivering flexible renewable energy infrastructure capable of supporting modern electricity grids with reliable, dispatchable clean power.
Mirova Strengthens Commitment to Sustainable Infrastructure
Mirova continues to expand its investments in sustainable infrastructure and renewable energy projects globally.
Raphael Lance, Global Head of Private Assets at Mirova, said:
“Australia is one of the most compelling markets globally for the energy transition, supported by strong renewable resources, decommissioning of the coal fire power plant, growing electrification needs and an increasing demand for firm, dispatchable clean power. Our investment in Yanara reflects Mirova’s long-term commitment to supporting the development of critical energy infrastructure that can accelerate Australia’s transition to a more resilient and low-carbon energy system. We are delighted to partner with an experienced management team and look forward to contributing to the delivery of a high-quality portfolio of flexible renewable energy coupled with BESS assets across the country.”
Nicolas Hayon, Managing Director, Energy Transition Funds, Mirova, added:
“Australia’s energy transition is entering a pivotal phase, requiring significant investment in renewable generation and storage to support the phase-out of coal-fired power and meet rising electricity demand. We believe Yanara is ideally positioned to contribute to this transition through its high-quality seed portfolio and differentiated development capabilities. We are particularly impressed by their track record of designing, building, and operating hybrid assets globally, delivering reliable green power to diverse customer segments. We look forward to further developing this partnership in Australia alongside their experienced management team.”
Australia’s Renewable Energy Market Continues to Expand
Australia remains one of the world’s fastest-growing renewable energy markets, supported by abundant solar and wind resources, increasing electricity demand, and the gradual retirement of coal-fired power generation.
Large-scale investments in hybrid renewable energy projects integrated with battery storage are expected to play a critical role in ensuring grid stability while enabling greater renewable energy penetration.
As governments and private investors continue to prioritise clean energy infrastructure, projects such as Yanara’s Australian portfolio are expected to contribute significantly to the country’s long-term decarbonisation goals.
Looking Ahead
The €150 million investment from Mirova represents a major milestone for Yanara as it accelerates the development of gigawatt-scale renewable energy infrastructure in Australia.
With a growing portfolio of solar, wind, and battery storage projects, the company is well positioned to support Australia’s transition to a more reliable, low-carbon energy system while creating jobs, strengthening energy security, and expanding clean power generation.
