Mirova, an affiliate of Natixis Investment Managers, has invested in ecoligo, a global player in commercial and industrial (C&I) solar solutions. This investment is aimed at funding a portfolio of greenfield C&I solar rooftop projects in Vietnam. It represents the first investment by the Mirova Gigaton Fund in Vietnam, with a commitment of $10 million in senior debt financing.
Furthermore, this loan from Mirova will enable ecoligo to expand its C&I solar business in Vietnam. Additionally, ecoligo plans to use the funding to advance Sustainable Development Goal (SDG) 13, focusing on climate change mitigation. Vietnam is a key economic powerhouse in Southeast Asia and a promising market for sustainable energy solutions.
Mirova is an asset management firm and has been investing in sustainable projects for over a decade. It is based in Paris and offers a diverse portfolio of equity, fixed income, multi-asset, energy transition infrastructure, natural capital, and private equity products. These solutions cater to institutional investors, distribution platforms, and retail clients across Europe, North America, and the Asia-Pacific region.
