2019 was a tremendous year for Mirova’s energy transition infrastructure activities. First, Mirova concluded the fundraising of its fourth generation energy transition investment vehicle at 859M€. The fund largely exceeded its initial target with the support of renowned European and Asian institutional investors while securing a significant re-up rate. Then, as the business grows, Mirova strengthened its investment capabilities with seven new hires in 2019 to assemble an overall team of 16 professionals dedicated to the management of its energy transition funds. Mirova’s Energy Transition team and investment strategy proved successful in closing no less than 11 transactions over the last 12 months for a total commitment of c.800M€ by targeting larger size projects and repeat deals with long-lasting industrial partners.
Mirova thus joined forces with Engie last December to acquire a 1.7 GW hydroelectric portfolio in Portugal. Other landmark investments made by Mirova, in the objective to diversify its portfolio, include: a 20MW wind farm, solar portfolios and biomass plants in France, 40MW onshore wind farm in Norway, onshore wind farms in Spain, with a generating capacity of 342MW (Phoenix Project), and three wind farms in Poland that have been developed by Akuo, a French renewables developer, which will represent a capacity of 132MW once completed.
“These accomplishments were made possible not only by the consistent and quality work of our investment professionals, but also due to the support and confidence granted by our clients and business partners. Therefore, we would like to thank them all for their contributions to this industry recognition. This is a remarkable and truly collective achievement that we celebrate today”, said Raphaël Lance, Head of Energy Transition Infrastructure Funds
With over 17 years of experience in the structuring and management of energy transition infrastructure funds (1.3Bn€ of AuM invested across more than 180 wind, solar, hydro and biomass projects and representing over 3.7GW of installed capacity), Mirova strives to provide prominent institutional clients with long-term greenfield and brownfield investment opportunities across Europe while supporting the development of sustainable and resilient infrastructure surrounding communities and local economies. For Mirova, sustainable development begins with responsible investment.
Please click here to view the full list of Infrastructure Investor Awards 2019’s winners.
For further reading:
- 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
- Mirova wins 3rd award in a row at SIATI 2017 with Mirova-Eurofideme 3
- Mirova recognised as “Energy Investor of the Year, Europe” for 2016 at the Infrastructure Investor Awards
- Mirova finalises the closing of its third renewable energy fund, with 350M€ commitment
- Mirova and Valeco team up to support green power
Any investment has risks, including the risk of capital loss. Infrastructure Investor’s annual awards are one of the industry’s most comprehensive and voted on entirely by the industry for the industry. That is, they are totally independent; there is no sponsorship, no panel of judges. The winners truly reflect the esteem in which they are held by peers.
Mirova Eurofideme 4 is a Société de Libre Partenariat (French limited partnership), not subject to the approval of the French Market Authority and reserved for eligible investors only, in accordance with the Fund Regulation. Mirova Eurofideme 4 is managed by Mirova and no longer for subscription. These Funds’ investment objective, strategy and main risks are described in their regulatory documents. Their fees, charges and performances are also described in these documents. Investments in infrastructure funds are mainly subject to loss of capital risk. They are reserved for specific investors, as defined by their respective regulatory documentation.
Affiliate of Natixis Investment Managers
French Public Limited liability company with board of Directors.
Share Capital: €8 813 860
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
59 avenue Pierre Mendès France
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
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.