Mirova to invest $518m in RP Global’s clean energy projects

French asset management firm Mirova has announced a €480 million ($518 million) investment in RP Global, an independent power producer (IPP), to support its 2.5GW pipeline of renewable energy projects across Europe.

The Mirova Energy Transition 6 (MET6) fund, a French limited partnership managed by Mirova, will contribute €200 million, with an additional €280 million provided by a co-investment vehicle also managed by Mirova.

This partnership allows MET6 to acquire a significant minority stake in RP Global.

Mirova’s investment director, Anne-Laure Messier, commented: “We are delighted to deepen our collaboration with RP Global, a long-standing partner with whom we’ve built confidence and trust over nearly a decade.

“This substantial new investment will enable RP Global to advance its IPP model on a European scale, in alignment with the Paris Agreement’s framework to reach net-zero emissions by 2050.”