Mirova completes the raising of its fifth energy transition infrastructure fund

Mirova announces today that it has completed the raising of Mirova Energy Transition 51 (MET 5), its fifth energy transition infrastructure equity investment fund, €1.6 billion. With this increase, Mirova continues its growth and reaffirms its position as a European player in renewable energy, storage and low-carbon mobility.

This survey was completed in 18 months by Mirova teams present in the energy transition infrastructure sector for 20 years. Over the years, Mirova has invested in more than 330 projects totaling more than 6.5 GW of installed generation capacity in Europe and Asia.

Raphal Lance, Director of Mirova’s Energy Transition Infrastructure Funds, comments: “This fundraising demonstrates investors’ confidence in our responsible investment strategy, which puts impact at the heart of their business. Of the $1.6 billion of euros raised, 500 million come from clients that already MET 5 also marks our ability to attract international investors, with more than 75% of the funds coming from other European countries such as the Netherlands, the United Kingdom, Germany or even Spain and Italy, and also from North America or Asia.

Investments have also followed the growth of the sector. The fund is currently deployed to the tune of €600 million in France, Poland and Belgium. It invests in proven technologies (onshore wind, photovoltaic, hydroelectric, storage) and low-carbon mobility sectors, in particular to support the growth of the electric vehicle sector and the emergence of green hydrogen.

Another great axis of development of MET 5, the teams have the possibility to invest outside of Europe. This geographical diversification can amount to up to 10% of the fund’s assets and targets projects located in OECD member countries. Therefore, the fund will be able to invest in Asia in particular to extend our partnerships with European developers to this region, duplicating the model of certain projects already carried out in Europe. Thus, a first major indirect investment was made in Australia.

Raphal Lance adds: “The topic of energy transition is more than ever at the center of the news in a context of energy crisis and climate shock. Our role as a responsible investor encourages us to accelerate the deployment of financing solutions for essential resilient infrastructure. to the decarbonisation of our energy production methods and uses. It is part of our mission to enable institutional investors to play an increasingly important role in the fight against climate change.”

Dennis Alvarado

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