(Boursier.com) — Mirova announces today that it has finalized the fundraising of Mirova Energy Transition 5 (MET 5), its 5th equity investment fund in energy transition infrastructures, at 1.6 billion euros. With this raising, Mirova continues its growth and reaffirms its position as a major European player in renewable energy, storage and low-carbon mobility.
This historic fundraising, completed in 18 months, rewards the work of the Mirova teams present in the energy transition infrastructure sector for 20 years. The team launched a first fund of 46 ME in 2002 alongside ADEME in order to initiate the wind power sector in France. It then launched two other funds of 94 ME in 2008 then of 354 ME in 2014 to open up to new geographies and technologies. Finally, the 4th fund raised 859 ME in 2018 and extended its field of activity to low-carbon mobility. Over the years, Mirova has invested in over 330 projects for a total of over 6.5 GW of installed generation capacity across Europe and Asia.
Raphaël Lance, Director of Mirova’s Energy Transition Infrastructure Funds comments: “This fundraising testifies to investors’ confidence in our responsible investor strategy, which places impact at the heart of its activity. Of the 1.6 billion in euros raised, 500 million come from clients who have already invested in our other vintages. MET 5 also marks our ability to attract international investors, with more than 75% of 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”.
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