Mirova Energy Transition Infrastructure: 2023 Impact Report
Discover the 2023 impact report of our energy transition infrastructure platform.
In alignment with its mission, Mirova manages funds dedicated to renewable energy projects, energy storage projects, low-carbon mobility infrastructure and Nega-watt economy (investing in reduction of consumption through energy efficiency equipment’s). Our activity is at the forefront of achieving society's climate, energy security and affordability goals.
The projects financed by our funds in 2023 generated 8.2TWh of green electricity, up 40% on 2022, avoided 2 million tons of CO2eq. emissions in comparison with the current energy mix of the investees countries, and provided or improved the access of 3.5 million people to green energy. Our strategy in low-carbon mobility also led to the reduction of CO2 linked to transportation, with 74 million kilometers in green travel.
To build a sustainable future through responsible business practices, we incorporate ESG considerations across our investment and management processes, focusing on inclusive stakeholder engagement, a comprehensive environmental management system, and sustainable supply chain management that emphasizes human rights and circular economy value chains.
At the same time, we continue to promote the cohabitation of such infrastructure with the protection of biodiversity by implementing specific operational tools, and supporting academic and applied research in this field. This report takes concrete examples to present and illustrate the tangible impact of Mirova Energy Transition Funds’ activity in 2023.
We wish you a good read.
The information provided reflects Mirova’s opinion / the situation as of the date of this document and is subject to change without notice.
Raphaël LANCE
Head of Energy Transition Infrastructure Funds
Céline LAUVERJAT
Deputy Head of Energy Transition Infrastructure Funds / Head of Asset Management
Ryan LEVINSON
Head of Emerging Markets Energy Transition
Other publications
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.
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, is developing new innovative solutions to continue supporting projects in emerging markets. These markets are currently underserved by Western investors despite actively addressing the challenges of the energy transition. To help scaling up project finance solutions in these regions, Mirova is reorganizing its operations and reinforcing its commitment to growth in this area.
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.
