France ’s fund has raised € ##500 m ( $ 284 m ) 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 € 500 m and € 700 m . Investors have been attracted by improved competitiveness of renewable energy schemes , the fund manager said . In July 2016 , the company 's last fund , Mirova ##me 3 , closed at € 353 m , 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.