Buskowitz Energy Secures Strategic Equity Investment from PATRIZIA SE and Mitsui & Co., Ltd. through Joint-Venture Fund APAC Sustainable Infrastructure Fund
Manila, Philippines, 30 September 2024 – Buskowitz Energy Inc (Buskowitz), the Philippines’ leading commercial and industrial (C&I) rooftop solar and renewable energy solutions provider, has secured binding agreements for an investment from APAC Sustainable Infrastructure Fund (A-SIF), managed by PATRIZIA MBK Fund Management Pty Ltd (PMBK), a joint venture between Germany’s PATRIZIA SE (PATRIZIA) and Japan’s Mitsui & Co., Ltd. (Mitsui). A-SIF is targeting to invest up to US$100 million (equivalent to PHP5.6 billion) via Fund and Co-Investments in Buskowitz.
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 (ADB) and Philippine National Bank (PNB), significantly increasing the capital available to Buskowitz to roll out its extensive pipeline of more than 500MWp of solar projects across the Philippines.
Beyond growth in installed capacity, the partnership with PATRIZIA and Mitsui will provide resources to explore new and complementary initiatives to help clients meet their sustainability goals, marking the next stage of growth for Buskowitz to become the leading renewable energy platform in the Philippines.
James Buskowitz, Founder and CEO of Buskowitz, said, “Buskowitz was established to deliver commercially-viable and environmentally-focused clean energy solutions. With this investment, backed by industry leaders PATRIZIA and Mitsui, we gain partners with a global reputation for excellence, who understand our long-term goals, commitment to growth, and share our dedication to meaningful collaboration. We are excited to work with partners who are fully aligned with our mission, providing the depth of support necessary to drive both our business and the energy transition of the Philippines forward.”
Saji Anantakrishnan, Head of Infrastructure for Australia and Asia for PATRIZIA, added, “Renewable energy in the Philippines is a fast growing sector that presents compelling opportunities for A-SIF. Buskowitz is the clear market leader, and we are excited to partner with James and his team to build the next generation renewable energy platform in the country.”
Since its establishment in 2016, Buskowitz has been the leader in the C&I renewable energy space, successfully completing marquee projects such as the 3.2MWp project for SM City Santa Rosa, which is the largest single roof solar energy system in any commercial mall in the Philippines. With a proven track record in execution and delivery, Buskowitz has earned the trust of both established local conglomerates and blue-chip multinational corporations, including industry leaders such as SM, Coca-Cola, Unilab, Shell, Robinson’s, Petron, Metro Pacific Investments, NLEX, and McDonald’s, among others.
About Buskowitz Energy Inc.
Buskowitz is the leader and pioneer in rooftop solar development, engineering, procurement, construction and financing in the Philippines. Buskowitz has successfully installed and commissioned over 300 projects for residential and C&I facilities including hotels, schools, universities, cold storage facilities, gas stations, manufacturing plants, hospitals, warehouses, and other industries across the Philippines.
About PATRIZIA MBK Fund Management Pty Ltd (PMBK)
PMBK is a 50:50 joint venture between PATRIZIA SE and Mitsui & Co. Ltd. PATRIZIA SE is a global real asset investment manager, publicly listed on the Frankfurt Stock Exchange, Germany, with c.EUR 56 Billion in assets under management; Mitsui & Co., Ltd. is one of the largest general trading companies, publicly listed on the Tokyo Stock Exchange, Japan, with a market capitalization of about US$62 Billion.