2016 was a tremendous year for Mirova, especially in terms of energy infrastructure investments. First, Mirova closed its third-generation fund dedicated to greenfield renewable energy assets in Europe, Mirova-Eurofideme 3, with a commitment of €350m. Mirova also partnered with the European Investment Bank for its first co-investment in a Swedish wind farm through the European Fund for Strategic Investments, at the heart of the Juncker Commission’s Investment Plan for Europe. Another milestone was achieved when Mirova closed the largest greenfield renewable energy deal in France in September 2016 (€300m) for which Mirova co-invested alongside project developer Valeco. In 2016 alone, Mirova’s renewable energy team helped finance around 300MW of solar, wind and biomass projects representing nearly €600m of capital expenditure in low-carbon electricity generation in Europe to which Mirova-Eurofideme 3 contributed more than €100m in equity or mezzanine. Equally, Mirova’s general infrastructure team contributed to these energy financing efforts, through its Mirova Core Infrastructure Fund, with its first deal sealed in Italy through an investment in a district heating network.
With over 15 years of experience in the structuring and management of renewable energy and infrastructure funds, Mirova strives to provide prominent institutional clients with long-term investment opportunities in greenfield and brownfield projects across Europe while supporting the development of sustainable and resilient infrastructure surrounding communities and local economies.
Please click here to view the full list of Infrastructure Investor Awards 2016’s winners.
Note to the reader
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 3 has not been authorized by the French Financial Market Authority (“AMF”) nor by any other supervisory authority. Mirova Core Infrastructure Fund has been authorized by Luxembourg Commission for the Supervision of the Financial Sector (“CSSF”). 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.
Any reference to a ranking and/or an award does not indicate the future performance of the UCITS/AIF or the fund manager.
Mirova, an asset management company wholly owned by Natixis Asset Management1, brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 63 employees, Mirova has €6 billion in assets under management2.
1 Since 01.01.2014.
2 Source : Natixis Asset Management as at 30 June 2016
A subsidiary of Natixis Asset Management
Limited liability company
Share Capital: €7 641 327.50
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
Natixis Asset Management
A subsidiary of Natixis Global Asset Management
Limited liability company
Share capital €50,434,604.76
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 90-009
RCS Paris n°329 450 738
21 quai d’Austerlitz 75634 Paris Cedex 13
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.