Mirova Energy Transition Infrastructure: 2025 Impact Report

Delivering impact in a changing world

The energy transition is gathering pace. But the world around it has changed profoundly.
Geopolitical crises are straining supply chains, fossil-fuel dependence is weighing on economies, and electricity demand is accelerating driven by digital transformation, the rapid growth of e-mobility, and re-industrialisation. One reality is becoming unmistakable: mature and emerging markets face the same fundamental imperatives. The energy transition is no longer only a climate challenge, it is a challenge of development, sovereignty and climate justice.
This is where Mirova's approach to investing demonstrates its value: the uncertainty of the geopolitical context reinforces our long-term investment case. Financing hybrid systems that combine renewables and storage to free a country from legacy energy dependence, while bringing flexibility to the power system. Investing in e-mobility infrastructure. Bringing solar power within reach of businesses and individuals in emerging markets, where the need for reliable electricity is most acute. Building decarbonised cold-chain infrastructure for agricultural value chains, cutting post-harvest losses and securing farmers' incomes. That is what real-world investing means: financing what stands the test. Mirova has been doing exactly that for more than twenty years, and 2025 has confirmed it: remaining engaged throughout the project lifecycle, upholding ESG standards that build resilience, and demonstrating that it is thanks to this rigour - not in spite of it - that performance endures.
Real impact is impact that holds firm in a fractured world. You will find the proof, project by project, in the pages that follow.