Mirova fund raises €857m for renewables

14/11/2019 08:55 Renewable

news

Mirova has announced the final close of an €857m fund to invest in clean energy projects.

The Mirova-Eurofideme 4 fund has already made its first investments and deployed more than €300m, financing nearly 600MW of projects in France, Portugal, Norway and Spain.

 

Investors in the fund were not disclosed other than the European Investment Bank (EIB).

 

The fund will mainly invest in onshore wind, solar, hydro, biomass and biogas, but will also consider electric and hydrogen mobility and storage.

 

Investments will be a mix of majority or minority ownership, equity funding or subordinated debt and bridge financing, Mirova said.

 

Mirova added that it has expanded its energy transition team to 14 to support the growth in renewables.

Source: renews.biz

Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.

<READ MORE

Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.

READ MORE

Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.

READ MORE