Mirova launched 2 bn € fund for companies that aim to decarbonize Europe

Sustainability-focused investor Mirova recently announced the launch of Mirova Energy Transition 6 (MET6), a new investment fund dedicated to green energy infrastructure, which should help European countries in their transition to renewables.

ESG Today reports that Mirova's previous energy transition-focused fund, called MET5, was able to raise 1.6 billion euros, while for MET6, the VC now aims for the 2 billion euros threshold.

Renewable energy projects that aim to make use of the MET6 fund should know that they can have Mirova's full financial support throughout the projects' lifespan. The fund's target remains European markets, although Mirova officials stated that expansion towards other markets, such as Asia, is also possible.

Mirova’s Energy Transition Infrastructure team currently manages around 3.5 billion euros worth-of finances and invested in over 1.000 projects located in 48 countries in Europe, Asia and Africa.

MET6 will be available for companies developing and deploying proven green energy infrastructure, such as solar, wind and hydropower, while also focusing on emissions-free mobility solutions and hydrogen.

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