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Mirova’s Gigaton strategy secures a USD 15 million investment in long-term debt financing with SolarAfrica, a leading renewable energy developer and Independent Power Producer based in Centurion, South Africa. This senior secured facility stands as Gigaton’s first investment in South Africa. This deal is the strategy’s fifth investment to date.
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC)1, which invests in companies offering innovative solutions and technologies to foster the environmental transition.
Mirova Gigaton Fund1 committed USD 20 million in long term debt financing to ManoCap Energy, Evolution II Fund-backed commercial & industrial ("C&I") market player in West Africa.ManoCap Energy is a vertically integrated C&I IPP operating in West Africa. This additional debt funding will enable ManoCap to expand its business in its key markets in Ghana and Sierra Leone and into neighbouring countries while contributing to the development of renewable energy solutions in West and sub-Saharan Africa. This funding, Mirova Gigaton Fund’s fourth investment since its launch in March 2023, will be allocated into solar and hybrid C&I projects, including telecom projects.
For the third consecutive year, Mirova is ranked in the top 10 HappyIndex®AtWork | World (<200 employees) and WeImpactIndex® | France (>100 employees).
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NLine Energy, the energy efficiency and energy recovery solutions provider in the U.S., has just closed a USD11 million fundraising led by Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, through Mirova’s impact private equity strategy. Steyn Group and Burnt Island Ventures Fund are fellow investors in this round.
