Mirova acquires private debt EM climate specialist SunFunder

Building out EM clean energy platform

clock • 1 min read
Mirova to launch $500m solar energy debt financing fund in targeting emerging markets.
Image:

Mirova to launch $500m solar energy debt financing fund in targeting emerging markets.

London-based sustainability manager Mirova has acquired private debt emerging market climate investor SunFunder, for an undisclosed amount, in a move that aims to strengthen its debt financing capabilities and emerging market reach.

The Natixis Investment Managers affiliate acquired 100% of the equity of SunFunder on 3 June and absorbed its 38-strong team, which will be retained in its entirety to build out an emerging markets platform focused on clean energy and climate investment. SunFunder has been financing renewable energy programmes in Africa and Asia for over 10 years, beginning with decentralised solar in Africa, and has since deployed $165m in investment across 58 companies, such as in off-grid solar systems for homes in Malawi, mini-grids in Kenya, and commercial and industrial roof installations in Nigeri...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot