New fund announced dedicated to energy transition infrastructure
Mirova, an affiliate of Natixis Investment Managers has announced the project launch of Mirova Energy Transition 6 (MET6), its sixth strategy dedicated to energy transition infrastructure, aiming to raise up to EUR2 billion (USD2.1 million).
In September 2023, Mirova secured EUR1.6 billion (USD1.684 million) for MET5, the preceding fund in the series, supported by the Dutch pension fund PME. MET6, the latest fund, is designed to address the financial requirements for crucial infrastructure vital to the decarbonization of energy production and consumption. The fund's objective is to finance established technologies such as onshore and offshore wind power, solar energy, hydropower, energy storage, and efficiency. Additionally, it will contribute to the advancement of low-carbon electric mobility and hydrogen initiatives.
Country updates
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September 29, 2023
USD 1,057 million energy transition infrastructure fund launched
La Banque Postale, together with its asset management arm LBP Asset Management, has launched an impact infrastructure fund focused on energy transition in Europe. This groundbreaking fund, a col...
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September 11, 2023
Tender won to build large-scale battery storage system in New Caledonia
French renewables developer Akuo has won a tender to build a large-scale battery storage system with a planned storage capacity of 200 MWh in New Caledonia, France. Akuo intends to implemen...
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August 16, 2023
Akuo plans 50 MW BESS projects in New Caledonia
Akuo has been granted planning approval for the development of a 50 MW/150 MWh battery energy storage system (BESS) project in New Caledonia, a French overseas territory in Polynesia. The b...
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July 31, 2023
French government supports 17.5 MW tidal energy pilot project
The French government has committed to funding the 17.5 MW FloWatt tidal energy pilot project with a sum of at least EUR65 million (US$71.7 million). This groundbreaking project is set to become the l...
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July 27, 2023
Cero acquires remaining 50% shares, takes sole ownership of Nara Solar
Cero Generation has acquired full ownership of Nara Solar, an early-stage developer of utility-scale photovoltaic solar energy projects. Nara Solar was launched in 2019 as a 50/50 joint venture betwee...
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