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The fundraising has benefited from support by both existing and new institutional investors
from several European countries, including the European Investment Bank which invested
40M€.
Mirova-Eurofideme 3 has already made 8 investments to date for close to 100M€, in
partnership with independent power producers and developers, financing more than 300MW of
solar, wind and hydro projects across Europe, with France and the Nordics being its key
markets.
This is the third investment fund managed by Mirova dedicated to greenfield renewable energy
assets in Europe, 14 years after the launch of the dedicated Mirova renewable activity. Its first
two funds, Fideme and Eurofideme 2, already contributed to finance more than 700MW of
renewable energy assets. Mirova renewable team received the 2015 award for “Best Green
Strategy” at the SIATI Infrastructure Summit at year-end 2015. Mirova-Eurofideme 3 was one
of the first infrastructure funds to receive the new “Energy and Ecological Transition for
Climate” label promoted by the French Ministry of Ecology, Sustainable Development and
Energy since May 2016 to reward investors active in financing the energy and ecological
transition. Mirova has also received the LuxFLAG1 award, for the quality of ESG implementation
and reporting to investors.
Raphael Lance, Head of Renewable Energy Funds at Mirova, commented: “We are very proud
to strengthen the relationship we have built over time with our existing investors. Reinvesting
with us is a true vote of confidence. We are also thrilled that so many prestigious investors,
coming from different geographies and so many different profiles, have decided to entrust
Mirova for the first time to deploy their capital in renewable energy projects. We will continue
to actively search for the best opportunities in this growing market, leveraging on our network
of high quality industrial partners.”
Philippe Zaouati, CEO of Mirova, added: “The success of Mirova-Eurofideme 3’s fund raising is a
positive feedback to our continuous effort to offer to institutional investors solutions which
address climate issues and to introduce ESG criteria into diversified asset classes, including
green bonds, thematic listed equity strategies, and in particularly sustainable infrastructure, in
which assets under management are fast growing, now reaching 1.6 Mds€”.
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