Mirova is seeking to raise €2bn for its sixth energy transition financing infrastructure fund to target equity and mezzanine investment opportunities mainly in Europe.
The Natixis Investment Managers affiliate has launched Mirova Energy Transition 6 (MET6), a fund that will continue to support decarbonisation. Mirova raised €1.6bn in September last year for MET5, the previous fund in the series which was backed by Dutch pension fund PME.
The manager said MET6 will help to meet the financing needs for “resilient infrastructure that is essential to the decarbonisation” of energy production and consumption.
The fund aims to finance proven technologies like onshore and offshore wind power, photovoltaics, hydropower, energy storage and efficiency, as well as continue to support the development of low-carbon electric mobility and hydrogen.
Raphaël Lance, managing director of Mirova’s energy transition funds, said MET6 will provide “substantial capital to finance and support the development of innovative players across the clean energy value chain, and help accelerate decarbonisation in Europe”.
He said: “As a responsible investor, Mirova is pursuing its commitment to investment solutions that aim to combine returns with a positive impact on society.”
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