Mirova's 4th renewables fund closes at EUR 857m

Solar farm. Author: Alan Levine.

November 14 (Renewables Now) - Mirova, the sustainable investment unit of France's Natixis Asset Management, has raised EUR 857 million (USD 943.1m) after the final close of the Mirova Eurofideme 4 fund, it said on Wednesday.

Mirova’s fourth fund is dedicated to supporting renewable energy projects, battery storage, electric mobility and charging infrastructures across Europe. Its first close was held a year ago.

According to Mirova's statement, the fund's core areas of investment will be onshore wind, solar, hydropower, biomass and biogas greenfield or brownfield projects but it will also invest in less mature market segments such as electric and hydrogen mobility and electricity storage.

The European Investment Bank (EIB) is among the fund’s investors, while other names were not disclosed in the press release. 

The first investments by Eurofideme 4 are already a fact, with more than EUR 300 million distributed to finance clean energy projects in France, Portugal, Norway and Spain with a combined capacity of almost 600 MW.

(EUR 1.0 = USD 1.100)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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