This latest fundraising comes on the heels of the first operation carried out with existing investors, which enabled Solveo Energies to become an Independent Power Producer (IPP) by internalising all the skills required to carry out its projects from start to finish.
Since then, Solveo Energies has secured the support of major partners such as SNCF, with which it has signed a major Corporate Power Purchase Agreement (PPA), demonstrating its ability to deliver reliable, competitive projects that are aligned with climate targets.
This fundraising round of nearly €100 million is being led by Mirova, a Natixis Investment Managers affiliate dedicated to sustainable investment, which is investing in equity alongside the existing shareholders.
With Mirova’s acquisition of a stake in the company through its Mirova Energy Transition 6 (MET6) fund, Solveo Energies is bolstering its resources to accelerate the commissioning of its portfolio of projects under development, achieve 800 MW of installed capacity by 2030 thanks to an investment of nearly €875 million, and actively contribute to France’s carbon neutrality goals.
Chairman of Solveo Energies Jean-Marc Mateos said: “We are very proud to welcome Mirova to our entrepreneurial adventure. This transaction reinforces our model as an independent, regionally-rooted player. Thanks to this long-term strategic partnership, we now have the resources to accelerate our development, consolidate our portfolio and remain true to our convictions: to produce sustainable, local energy that respects the regions.”
Head of Energy Transition Funds at Mirova Raphaël Lance said: “Our partnership with Solveo Energies, a committed player in the renewable energy sector, demonstrates that we firmly believe in their potential. Their local roots, their ability to deliver innovative projects and their responsible approach to the energy transition are perfectly in line with our investment strategy. We are confident that Solveo Energies will be able to turn its ambitions into success in the service of decarbonisation and help France increase its energy sovereignty.”
Investment Director at Mirova Jocelyn Dioux said: “We are delighted to be joining Solveo Energies. We were particularly impressed by the talent of the teams, the relevance of the asset portfolio, the rigour of the processes and the company’s clear strategic vision. This transaction fits perfectly with our MET6 portfolio strategy, which selects committed and successful players in the energy transition.”
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