Mirova raises €350m for third renewable energy fund

Natixis’ SRI boutique Mirova has raised inflows of €350m for its third renewable energy strategy, Mirova-Eurofideme 3. The initial target set was €200m.

Some €40m inflows have come from the European investment bank among other institutional investors.

Mirova-Eurofideme 3 has already completed eight transactions amounting to €100m and supports wind farms, solar and hydraulic infrastructures in Europe.

The fund has been awarded the TEEC label (Transition Énergétique et Écologique pour le Climat) by the French government as well as the LuxFLAG label.

Mirova’s CEO Philippe Zaouati, underlined that assets managed in the boutique’s funds dedicated to green infrastructures were recording strong growth and have reached €1.6bn.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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