Pursuing the same strategy as its predecessors, Mirova Eurofideme 4 is meant to channel institutional
money towards the energy transition infrastructure financing. The Fund is meant to invest primarily in
greenfield renewable energy projects using mature technologies, energy storage and grad, as well as
electric mobility and charging infrastructures across Europe.
Commitments for the 250M€ first close held in October were secured from prominent European
investors including a great number of repeat investors from Mirova Eurofideme 3, Mirova’s prior
energy transition fund. The Fund target size is set at 500M€, reflecting a growing interest of
institutional investors for this asset class which has reached an advanced stage of maturity in terms of
technology, while the improved competitiveness of renewable energy infrastructure has significantly
decreased the inherent risks associated over the last years. It is now a greater part of institutional
investor portfolios who understood their potential and are willing to play a role in meeting the financing
needs of the energy transition.
Mirova Eurofideme 3, closed at 353M€ back in July 2016, is almost fully invested in a diversified
portfolio of European infrastructure assets in line with its initial deployment timeline. To date Mirova
has contributed to the construction of over 170 renewable energy projects representing a total
installed capacity of 1.8GW.
‘At Mirova, we believe that reaching a first close with a large majority of our long-term investors
demonstrates that financing tomorrow’s infrastructures is now a top priority for institutional
investors,’ says Raphael Lance, Head of Energy Transition Funds. ‘The financing needs to support
the development of energy transition infrastructures – be they renewable energy production facilities,
energy grid or electrical mobility related – are massive should we ever want to reach the ambitious
European greenhouse gas emission reduction targets. Thanks to the renewed trust we’ve granted and
we’re really proud of, we intend to keep building long-term relationships with industrial partners and
therefore contribute to their growth plan.’
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