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.

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