News
Elyse Energy, a pioneering French company producing sustainable fuels and low-carbon feedstock, secured c. EUR120 million euros from Hy24, PGGM, Bpifrance and Mirova to accelerate development of its e-methanol and sustainable aviation fuel production projects in France and Spain, addressing the growing demand for decarbonization solutions in the aviation, maritime and chemical sectors.
Mirova is providing a senior debt financing of 10 million dollars to Namdev Finvest Private Limited (“Namdev”) through its blended finance debt fund dedicated to energy transition in emerging countries. This marks Mirova's first energy transition financing in India and the first Asian project funded by the Mirova Gigaton Fund1. Namdev is an Indian non-banking financial company specialising in secured lending to small and medium-sized enterprises, particularly in rural and semi-urban areas. Namdev enables entrepreneurial ventures, especially in the sectors of responsible mobility and energy, benefiting underprivileged individuals.
The total amount of €480 million consists in equity and convertible bonds. The transaction covers the following markets: Italy, Germany, France, Spain, Portugal, Poland and Croatia. Mirova Energy Transition 6 (MET6)1, Mirova's sixth fund dedicated to energy transition infrastructure, will invest €200 million, allowing another co-investment vehicle managed by Mirova to invest €280 million, and will become a relevant minority shareholder in RP Global. RP Global is a 40-year-old independent pan-European developer specialising in wind, solar photovoltaic, and storage projects.
The total amount of €480 million consists in equity and convertible bonds. The transaction covers the following markets: Italy, Germany, France, Spain, Portugal, Poland and Croatia. Mirova Energy Transition 6 (MET6)1, Mirova's sixth fund dedicated to energy transition infrastructure, will invest €200 million, allowing another co-investment vehicle managed by Mirova to invest €280 million, and will become a relevant minority shareholder in RP Global. RP Global is a 40-year-old independent pan-European developer specialising in wind, solar photovoltaic, and storage projects.
On Thursday, the Estonian energy company Evecon and Mirova, an asset manager dedicated to sustainable finance, opened the largest solar park in the Baltics, located in Kirikmäe in Pärnu County. The production capacity of the Kirikmäe park, spread over nearly 110 hectares, is 77.53 MW, which is more than twice the capacity of the largest existing solar park in Estonia. It covers the estimated annual energy needs of 35,000 households. The Kirikmaë Park is owned by the Baltic Renewable Energy Platform (BREP), a joint venture set up by Evecon and Mirova in December 2022, for the financing, the construction, the operation of a portfolio of more than 100 MWp of Solar Parks in Estonia.
