– Mirova, an affiliate of Natixis Investment Managers focused on sustainable finance, announced the second close of its flagship energy transition fund, Mirova Energy Transition 6 (MET6), in August 2025, reaching €1.2 billion in commitments.
– The milestone was supported by both returning investors and new partners.
MET6 has made 10 investments totaling over €960 million, deploying nearly half of its target fund size of €2 billion.
– The fund’s portfolio allocation:
▪️One third in large renewable portfolios across three geographies
▪️Half dedicated to the growth of three Independent Power Producers with proven track records
▪️The remainder in the e-mobility sector
– Over the past year, the team screened more than 300 opportunities, representing €18 billion in equity and over 190 GW of installed capacity.
– Several projects in advanced discussions are expected to close by year-end, reflecting MET6’s focus on sector and geographic diversification.
– MET6 invests in greenfield, brownfield, and corporate infrastructure across OECD countries.
– Target sectors include renewable energy production (solar PV, onshore wind, hydropower), energy storage, low-carbon mobility, and energy efficiency.
– Mirova will continue fundraising efforts throughout 2025 to reach the €2 billion target.
– The successful second close demonstrates strong institutional investor appetite for energy transition infrastructure, valued for stable long-term returns, alignment with global decarbonization goals, resilience, and predictable cash flows in a volatile macroeconomic environment.
– Raphael Lance, Deputy General Manager, Global Head of Private Assets, Head of Energy Transition Funds, Mirova: “The successful second close of MET6 marks a pivotal moment in our journey to accelerate the energy transition. Institutional investors continue to show strong appetite for energy transition infrastructure, drawn by its potential to deliver stable, long-term returns while aligning with global decarbonization goals. The asset class stands out for its resilience, depth, and capacity to generate predictable cash flows, especially in a volatile macroeconomic environment.”
