• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home News

Mirova Acquires 100% Equity in SunFunder

by Yinka Okeowo
June 29, 2022
in News
0
UBA
Advertisements

Financing the environmental and energy transition is a key objective for Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing.

With the acquisition of SunFunder, a private debt management company that finances renewable energy projects in Africa and Asia, Mirova is expanding its investment platform in emerging markets.

This is a major step in Mirova’s development strategy in real assets.    

Founded 10 years ago as a crowdfunding platform, SunFunder’s main objective was to offer financing solutions for the decentralised solar energy sector in Africa, in order to achieve direct impact at the intersection of climate change and inequality.

Since then, the company has launched a series of innovative blended finance investment vehicles and closed over $165m in investments across 58 companies deploying clean energy mainly in Africa and Asia, such as off-grid solar home systems in Malawi, village mini-grid projects in Kenya, and commercial and industrial rooftop installations in Nigeria and Thailand. SunFunder has helped improve access to solar energy for more than ten million people, predominantly in East and West Africa, before extending its expertise to other emerging markets, including Southeast Asia.

The entire SunFunder team will be retained in order to keep expanding their high impact energy transition work and, together with Mirova, build a broader emerging markets platform dedicated to clean energy and climate investments. 

SunFunder has an experienced and diverse team of 38 people of 16 different nationalities, 55% of whom are women and 45% of whom are African, mainly based in Nairobi, Paris and London.

SunFunder’s business objectives align perfectly with Mirova’s aim to become a global leader in energy transition financing and complements its impact investment solutions offering by enhancing its debt financing expertise and in-depth knowledge of emerging markets.

Mirova – a pioneer in impact investing in Europe through its investment strategies in energy transition infrastructure, private equity, social impact investing and listed equities – is thus accelerating its commitments in emerging countries, where it is already present in natural capital.

“In order to thoroughly address the challenges that come with the fight against global warming and social inequalities, having a local presence in emerging countries is critical. We are delighted that SunFunder’s teams, with their proven experience and expertise, are joining us,” said Philippe Zaouati, CEO of Mirova. “Together, we will pursue our efforts to meet the needs of the real economy and increase the impact of our investments.”

Audrey Desiderato and Ryan Levinson, Co-founders of SunFunder, added: “We couldn’t imagine a better partner to join forces with than Mirova, a company with a mission and strong culture of impact that we share. We’ve heard a lot of talk about ESG investment, but there are very few companies like Mirova and SunFunder leading the pack with 100% truly sustainable investments. Together we will become the leading clean energy and climate investor in emerging markets, through bold new investments with real impact.”

Tim Ryan, CEO of Natixis Investment Managers, said: “This acquisition is an important step for our affiliate Mirova, which falls within our 2024 strategic plan, and contributes to strengthening Natixis Investment Managers’ private and alternative asset offering. Our clients around the world looking for diversification and sustainable sources of return will now have easier access to impact investments in emerging markets.”

Mirova acquired 100% of the equity of SunFunder on June 3, 2022. SunFunder’s teams and expertise will strengthen its local investment and execution capabilities for its private assets strategies. Mirova is thus developing an emerging markets investment platform, in which the Singapore office created in 2021 will be integrated.

Mirova and SunFunder’s first objective is to launch a solar energy debt financing fund, with an investment capacity of $500m through about 70 projects spread over Africa, Asia and Latin America. The first closing could take place by the end of the year.

Mirova and its subsidiaries manage €27bn of assets as of March 31, 2022, including €2.2bn in energy transition infrastructure and €500m in natural capital. 

Loading

Advertisements
MTN ADS

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: MirovaMirova acquires SunFunderSunFunder
Yinka Okeowo

Yinka Okeowo

Next Post

Economy Toughens as N470.6b Oil Revenue Goes into Subsidy Payment in May

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Ibom Air

Ibom Air Experiences Remarkable Growth Over 4-Year Period

2 years ago
MTN mPulse Spelling Bee

Wordsmith Wonders: A Peek into the Lives of Previous MTN mPulse Spelling Bee Champions

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.