Energy Transition Infrastructure

The energy transition will only take place if the necessary infrastructure exists to support it.

Mirova develops investment strategies enabling investors to support the energy transition through the construction and management of renewable energy production, storage and clean mobility infrastructures projects in Europe.


Investing to support the European energy transition

Our objective is to provide institutional clients with long-term value creation opportunities while supporting the sustainability of local economic, community and environmental development.

Since 2002, Mirova has been involved in the energy transition by financing new renewable energy production capacities and by investing in operating projects using mature technologies (photovoltaic solar, wind, hydroelectric).

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Thanks to its in-depth knowledge of the French and European renewable energy market and an extensive network of partners, Mirova has constructed a strong investment platform dedicated to the energy transition, whose scope of intervention extends to the energy transition as a whole: storage, biogas, hydropower, hydrogen and electric mobility, all over Europe.

Key Figures

bn €

assets under management


of energy transition infrastructure funds


of experience in structuring and managing energy transition funds


energy transition projects financed across 10 countries in Europe


of clean energy installed capacity financed

Source: Mirova as of March 31, 2023

Why invest in energy transition infrastructure?

Renewable energy is one of the fastest growing segments within the infrastructure market and clean energy production, grid connection, storage and electric transportation represent a compelling investment opportunity in the move towards a low-carbon economy.

A transition in motion

  • An increase of the share of renewable energy in energy consumption in the European Union: from 9,6% in 2004 to c. 20% in 2020.
  • The European target is 32% by 20301. In order to achieve this goal, massive investments are required, €1.7 trillion2 over the next 10 years.
  • It also represents an opportunity for institutional investors to play a role in the fight against climate change.

An evolving industry

  • In terms of competitiveness: the ever-falling clean energy production cost puts renewables at parity with conventional generation sources.

  • In terms of innovation: growing number of solutions to the energy transmission, distribution and storage challenges enable integration of existing and emerging renewable technologies in energy systems.

  • In terms of financing: mature renewable energy technologies allow a sound cash flow predictability.

A robust investment theme

  • A way to diversify a portfolio: long-term investments in tangible assets with relatively steady, low volatile, inflation-linked cash flows and low correlation to the business and capital market cycles.
  • Attractive yield potential

A wide range of investment opportunities

Involved from the very beginning in the financing of renewable-sourced energy production infrastructures, Mirova has a unique perspective on this market, contributing to projects that are new, whether in terms of technology, maturity or geography.

Discover our funds

A team of 20 experts dedicated to financing energy transition infrastructures

Drawing on complementary skills from a broad array of disciplines (industrial project development, M&A, transactions services, carbon market, public policy…), the team brings know-how and experience to bear on the financing and management of complex renewable energy projects.

An award-winning infrastructure manager

A key European investor in the field of energy transition infrastructures, Mirova is regularly rewarded3 for the quality work of its teams.


2020 "Most innovative investment strategy" on infrastructures, SIATI


2019 "European Renewables Energy Investor of the year", Infrastructure Investor


2019 "European Energy Investor of the year", Infrastructure Investor


2018 Winner of the "Infrastructure Greenfield" category, Swen Capital ESG Best Practice Honours


2018 "Europe Wind Deal of the Year", Project Finance International


2017 Gold Medal in "Best Green Strategy", SIATI

Our impact-driven approach




We have created an innovative opt-in impact scheme to finance non-profit projects related to fighting against energy poverty and energy access.


We concretely avoid CO2 emissions: 56,377 tons of CO2 emissions avoided since creation6.


We use a pioneering lifecycle approach to environmental, social and biodiversity risks/opportunities assessment.


Our investments contribute to the development of skilled and decent jobs in the energy transition sector in all the geographies where we operate


We sponsor research programs on our projects’ sites in order to increase and share knowledge on biodiversity topics in the context of renewable energy projects.

(1) Source: European Commission, Eurostat.
(2) Source: International Renewable Energy Agency (IRENA)’s Global Energy Transformation Report- A roadmap to 2050

(3) Reference to a ranking and/or an award does not indicate the future performance of the UCITS
/AIF or the fund manager.

(4) 2°C internal limits non-binding and not mentioned in our fund regulatory documentation, subject to change by Mirova without prior notice. The carbon impact of investments is calculated using a proprietary methodology that may involve bias.
Mirova aims, for all its investments, to propose portfolios consistent with a climate trajectory of less than 2°C defined in the Paris Agreements of 2015, and systematically displays the carbon impact of its investments (excluding Social impact and Natural Capital funds), calculated from a proprietary methodology that may involve biases.

(6) Between 2015 and 2019 for all Mirova's energy transition infrastructure funds. Source: Mirova
Discover some of the infrastructure projects financed by Mirova

Cestas CESTAS-transition-energetique-ùirova-photovoltaique
RP Global Europe rp-global-mirova-transition-energetique-eolien-hydroelectrique
Corsica Sole corsica-sole-photovoltaique-energie-renouvelable
Masaï eolien-solaire-mirova-investor-transition-energetique
Cogénération Biomasse Novillars (CBN) energie-biomasse-investissement
DANA GAZ engie-mirova-gana-gaz-biogas
RES RES-eolien-suede©ferdinand-stohr
MONET monet-hydoelectric-engie-cnp-assurances-mirova
WINDSKA windska-poland-windfarm-GettyImages
DRIVECO DRIVECO-mobilite-electrique
  • Solar PV | France
  • Sponsor: Neoen
  • Capacity: 300 MW


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RP Global Europe
  • Windfarms & Hydro Portfolio | Europe
  • Sponsor: RP Global
  • Capacity: 254 MW (Enercon, GE)


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Corsica Sole
  • Solar PV + ESS | France
  • Sponsor: Corsica Sole
  • Capacity: 40 MW (SunPower, NIDEC)
Read more
  • Windfarms & Solar PV Portfolio| France
  • Sponsor: Valeco
  • Capacity: 180 MW (Vestas, Enercon, Silia)
Read more
Cogénération Biomasse Novillars (CBN)
  • Wood | France
  • Sponsor: Akuo
  • Capacity: 63 MWth (AET)
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  • Biogas | France
  • Sponsor: Engie
  • Capacity: 17.5 MW
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In April 2020, ENGIE and MIROVA announced this strategic partnership in the biogas sector with the acquisition by our fourth investment strategy dedicated to energy transition infrastructure of a 50% stake into DANA GAZ, a company owning 9 operating biogas plants developed and owned by ENGIE.

The biomethane sector will contribute to a circular economy by recovering waste, creating jobs and supporting agriculture, a key sector for the security of food and energy supply.

  • Windfarms | Sweden
  • Sponsor: RES
  • Capacity: 85.8 MW
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Conceded to Mirova in April 2020, the Rödene wind farm is located near Alingsås in Västra Götaland, Sweden. The project consists of 13 turbines with a total installed capacity of 85.8 MW, equivalent to powering 40,000 homes in Sweden, representing an annual saving of 230,000 tonnes of CO2 equivalent.

  • Hydroelectric | Portugal
  • Sponsor: Engie
  • Capacity: 1.7 GW
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A partnership between Engie, CNP Assurances et Mirova, the hydroelectric portfolio has a generation capacity of 1.7 GW with a weighted average remaining concession term of 45 years and includes three newly commissioned pump storage units along with three recently repowered run-of-river plants.

  • Windfarms | Poland
  • Sponsor: Akuo
  • Capacity: 132 MW
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A partnership between Mirova and Akuo, the wind farms are expected to become operational in 2021 and will produce 100% green energy that will meet the electricity requirements of more than 200,000 Polish homes whilst avoiding the emission of over 300,000 metric tons of CO2 per year.


Electric mobility | Europe 

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As an expert in electric and solar mobility, DRIVECO is continuing its development in an exponentially growing market for recharging solutions for electric vehicles. The company also offers a range of 100% solar-powered recharging stations combining charging stations, photovoltaic energy and intelligent real-time energy management.

Driveco raises €250 million to become one of the European leaders in electric vehicle charging infrastructure
Driveco raises €250 million to become one of the European leaders in electric vehicle charging infrastructure
Published on 05/10/2023

Driveco, a leading innovative French electric vehicle charging company, announces today a €250 million fundraising round from Dutch pension fund manager APG, one of the world’s largest institutional investors. Existing shareholders Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investments, through its fund Mirova Eurofideme 4[1], and Corsica Sole retain their majority stake in the company’s capital.

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Girasole Energies - Mirova
Girasole Energies, a new independent player in photovoltaic solar energy production, raises €96 million from Mirova
Published on 03/20/2023

Girasole Energies, a new French independent player in producing photovoltaic solar energy, raises €96 million from Mirova, a subsidiary of Natixis Investment Managers dedicated to sustainable investment. 

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Evecon and Mirova set up a renewable energy platform which will build the largest solar park in the Baltics
Evecon and Mirova set up a renewable energy platform which will build the largest solar park in the Baltics
Published on 12/12/2022

The Estonian renewable energy developer Evecon OÜ and Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, through the its infrastructure fund, signed an agreement to set up a renewable energy platform which will build the largest solar park in the Baltics. The construction works will be carried out in 2023 and the parks will start producing at full capacity at the beginning of 2024.

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Sunly raises 200 million euros and welcomes Mirova as a new investor
Sunly raises 200 million euros and welcomes Mirova as a new investor
Published on 10/12/2022

Independent power producer Sunly raises around 200 million euros to build and expand its renewable energy portfolio in the Baltics and Poland. The capital raise includes investments from Sunly’s existing shareholders and Mirova, an affiliate of Natixis Investment Managers and French leading asset manager dedicated to sustainable investing which becomes the largest investor.

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Zunder raises €100 million from Mirova to accelerate EV charger rollout in Southern Europe
Zunder raises €100 million from Mirova
Published on 10/10/2022

Zunder raises €100 million from Mirova to accelerate EV charger rollout in Southern Europe

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Mirova completes record fundraising for its fifth energy transition infrastructure fund
Mirova completes record fundraising for its fifth energy transition infrastructure fund
Published on 09/20/2022

Mirova announced today that it has completed the raising of €1.6 billion for Mirova Energy Transition 5 (MET 5)1, its fifth energy transition infrastructure equity fund. This round reflects Mirova’s continued growth and reaffirms its position as a major European player in renewable energy, storage and low-carbon mobility.

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