EDF Renewables Gets $10M Boost from Mirova for African Expansion
Deal News | May 22, 2025 | Mirova SA
Mirova SA, a firm focused on sustainable investments and affiliated with Natixis Investment Managers, has extended a senior loan of USD 10 million to EDF Renewables through its Mirova Gigaton Fund. The financing is aimed at bolstering EDF's off-grid power operations across Africa under the 'EDF Energy For All' platform. This initiative seeks to expand access to clean energy for African populations, targeting to connect five million people by 2030, building on the current accomplishment of reaching three million individuals through its subsidiaries.
Sectors
- Renewable Energy
- Sustainable Finance
Geography
- Africa – The article focuses on EDF Renewables' operations across Africa, aiming to provide clean energy access to millions of people in the region.
Industry
- Renewable Energy – The article discusses EDF Renewables, a company focusing on providing clean energy solutions, and its plans to expand its operations in Africa with the help of sustainable financing.
- Sustainable Finance – Mirova SA, a firm dedicated to sustainable investing, is providing financial support to advance clean energy projects in Africa, highlighting the role of sustainable finance in this sector.
Financials
- USD 10 million – Senior loan from Mirova's Gigaton Fund to EDF Renewables.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mirova SA | Lender | Company | A firm affiliated with Natixis Investment Managers specializing in sustainable investing. |
| EDF Renewables | Borrower | Company | A clean energy provider focused on off-grid power solutions in Africa through its 'EDF Energy For All' platform. |
| Natixis Investment Managers | Parent Company | Company | The parent company of Mirova, involved in a wide range of asset management services. |