Mirova (France), an affiliate of Natixis Investment Managers and global asset manager dedicated to sustainable investing, acquired Yanara (Australia) for $170 million on July 21, 2026. The deal will support the development of more than 2 GW of multi-technology renewable energy infrastructure across Victoria, New South Wales, and Western Australia.
| Acquirer | Mirova (France) | ||
|---|---|---|---|
| Target | Yanara (Australia) | ||
| Deal Value | $170m | ||
| Type | Investment | ||
| Date Announced | July 21, 2026 | ||
| Date Closed | July 21, | Buy-side Advisors | Lazard, Natixis Partners |
| Sell-side Advisors | EY (financial) | ||
| Legal Buy-side | Ashurst, White & Case | ||
| Legal Sell-side | Not disclosed |
Deal Mechanics
Mirova secured a 100% stake in Yanara with the $170 million investment. The capital will support the development of more than 2 GW of multi-technology renewable energy infrastructure across three Australian states, aiming to strengthen national energy security and advance the country's net-zero ambitions.
Strategic Rationale
The acquisition positions Mirova as a key player in Australia’s energy transition. Yanara's portfolio includes hybrid and dispatchable renewable energy projects exceeding 5.1 GW across Australia, India, and the Philippines, spanning solar, wind, and battery energy storage systems (BESS). The investment will accelerate development of these projects, particularly the Mortlake Energy Hub in Victoria, a major hybrid renewable energy project.
Financial Context
Mirova's commitment underscores the growing importance of reliable, firm renewable power in Australia’s electricity market. With coal-fired plants decommissioning and rising demand for clean power, Yanara is well-placed to contribute significantly to this transition. The Mortlake Energy Hub alone will generate enough clean electricity to power approximately 200,000 homes annually while avoiding an estimated 880,000 tons of carbon emissions each year.
Advisors
The deal was facilitated by financial advisors Lazard and Natixis Partners on the buy-side, with EY advising Yanara. Legal counsel included Ashurst and White & Case for Mirova, while the sell-side legal advisors remain undisclosed.
Outlook
Mirova's investment marks a significant milestone in Yanara’s growth journey, reinforcing its position as a leader in utility-scale renewable energy development. The partnership aims to deliver high-quality infrastructure projects that advance Australia's transition towards a resilient and low-carbon energy system.