France’s Eurofideme 4 has raised €250m ($284m) via its Mirova fund, which will be invested in renewable energy and storage schemes. First close on the fund was held in October. The fund is expected to secure a total of between €500m and €700m. Investors have been attracted by improved competitiveness of renewable energy infrastructure, the asset manager said. In July 2016, the company's last fund, Eurofideme 4 Eurofideme 3, closed at €353m, with the proceeds invested in infrastructure assets in Europe.
France’s Mirova has raised €250m ($284m) via its Eurofideme 4 fund, which will be invested in renewable energy and storage schemes. First close on the fund was held in October. The fund is expected to secure a total of between €500m and €700m. Investors have been attracted by improved competitiveness of renewable energy infrastructure, the asset manager said. In July 2016, the company's last fund, Mirova Eurofideme 3, closed at €353m, with the proceeds invested in infrastructure assets in Europe.