United Kingdom
Energy Transition Infrastructure - OECD
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.
Monthly market review and outlook
OpenAirlines, a pioneer in software solutions for eco-piloting, has announced the successful raising of nearly €45 million, led by Eiffel Investment Group and supported by Mirova, a committed player in sustainable investment. This fundraising aims to strengthen OpenAirlines’ position in the ecological transition of the aviation sector, facilitating its expansion into North America and Asia.
As a pioneering player in the field of financing conservation and restoration of nature, Mirova played an active role at COP161 and the GIIN2 Impact Forum, advocating for the need to develop tools and regulations aimed at directing capital towards biodiversity, as well as emphasizing the importance of multilateral actions by countries (North and South), and by public, private, and philanthropic financial actors.
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.
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