Mirova Inaugurates the Œillets Wind Farm in Fourcigny
H2air and Mirova inaugurated the Œillets wind farm in Fourcigny (Somme), in the presence of the Mayor of the municipality Joël Gilbert and alongside residents and project stakeholders.
The wind farm, with a total installed capacity of 8.8 MW, is composed of 4, 130 meters high Vestas turbines, operated by H2air GT. Ten companies from the Hauts-de-France region participated in the development and construction of the wind farm, with H2air focusing on local expertise and know-how. The wind turbines at Les Œillets have been operational since July 2021 and will produce the equivalent of the electricity consumption of 10,000 homes per year1.
Financed by Mirova through the Mirova-Eurofideme 42 fund, its 4th equity investment fund in renewable energy infrastructure, this project represents the values carried by the mission-led company3 and its team dedicated to investing in energy transition infrastructure: innovation, value creation for the benefit of all, transformation.
“We are pleased to be working together again with H2Air whom we have known for 5 years now. Through the construction of renewable energy production capacity, we seek to act and invest locally, with the objective of creating value for all stakeholders and communities.” stated by Investment Director, Olena Reznik.
Thanks to its in-depth knowledge of the French and European renewable energy market and its extensive network of partners, Mirova has structured a solid investment platform dedicated to the energy transition, whose scope of intervention extends to the entire energy transition: storage, biogas, hydroelectricity, hydrogen and electric mobility, throughout Europe.
For further reading:
1 Estimate excluding heating
2 MIROVA EUROFIDEME 4 is a French limited partnership (Société de Libre Partenariat), closed to new subscription. Mirova is the management company. The supervisory authority approval is not required for this fund.
3 Introduced in France in 2018 under the Pacte Law, a ‘société à mission’ company must define its "raison d'être" and one or more social, societal or environmental objectives beyond profit. The purpose, and objectives aligned with this purpose, must be set out in its Articles of Association. The Articles specify the means by which the execution of the Mission will be monitored by a Mission Committee (a corporate body distinct from the board of directors which is responsible for monitoring the implementation of the mission with at least one employee.) An independent third party then verifies the execution of the Mission, via a written opinion which is annexed to the report of the Mission Committee to shareholders and made available on the website of the company for a period of five years.
Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris.
www.mirova.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2021 Natixis Investment Managers S.A. – All rights reserved
The wind farm, with a total installed capacity of 8.8 MW, is composed of 4, 130 meters high Vestas turbines, operated by H2air GT. Ten companies from the Hauts-de-France region participated in the development and construction of the wind farm, with H2air focusing on local expertise and know-how. The wind turbines at Les Œillets have been operational since July 2021 and will produce the equivalent of the electricity consumption of 10,000 homes per year1.
Financed by Mirova through the Mirova-Eurofideme 42 fund, its 4th equity investment fund in renewable energy infrastructure, this project represents the values carried by the mission-led company3 and its team dedicated to investing in energy transition infrastructure: innovation, value creation for the benefit of all, transformation.
“We are pleased to be working together again with H2Air whom we have known for 5 years now. Through the construction of renewable energy production capacity, we seek to act and invest locally, with the objective of creating value for all stakeholders and communities.” stated by Investment Director, Olena Reznik.
Thanks to its in-depth knowledge of the French and European renewable energy market and its extensive network of partners, Mirova has structured a solid investment platform dedicated to the energy transition, whose scope of intervention extends to the entire energy transition: storage, biogas, hydroelectricity, hydrogen and electric mobility, throughout Europe.
For further reading:
- Akuo and Mirova have put Three Wind Power Plants into Service in Poland
- Mirova Joins Akuo to Finance 132 MW of Wind Power in Poland
- Final close at €857m for Mirova-Eurofideme 4
- Mirova Eurofideme 4 hits first close at 250M€ to support the energy transition in Europe
- Mirova’s Goya project wins ‘europe wind deal of the year’ award at 2018 PFI awards
- Energy Transition: Clean investments for yield-hungry investors
- Mirova acquires 25 MW solar photovoltaic project in Portugal
- The Renewable Energy Market in Europe
2 MIROVA EUROFIDEME 4 is a French limited partnership (Société de Libre Partenariat), closed to new subscription. Mirova is the management company. The supervisory authority approval is not required for this fund.
3 Introduced in France in 2018 under the Pacte Law, a ‘société à mission’ company must define its "raison d'être" and one or more social, societal or environmental objectives beyond profit. The purpose, and objectives aligned with this purpose, must be set out in its Articles of Association. The Articles specify the means by which the execution of the Mission will be monitored by a Mission Committee (a corporate body distinct from the board of directors which is responsible for monitoring the implementation of the mission with at least one employee.) An independent third party then verifies the execution of the Mission, via a written opinion which is annexed to the report of the Mission Committee to shareholders and made available on the website of the company for a period of five years.
Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris.
www.mirova.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2021 Natixis Investment Managers S.A. – All rights reserved