RP Global specialises in wind, solar photovoltaic and energy storage projects. Credit: Es sarawuth / Shutterstock.

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

The Mirova Energy Transition 6 (MET6) fund, a French limited partnership managed by Mirova, will provide €200m, while a further €280m will be supplied by a co-investment vehicle also managed by Mirova.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The partnership allows MET6 to become a relevant minority shareholder in RP Global.

Mirova investment director Anne-Laure Messier stated: “We are very pleased to strengthen our collaboration with RP Global, a long-standing partner of Mirova with whom we have built confidence and trust over nearly 10 years.

“This significant new investment will enable RP Global to realise its ambitions to reinforce its IPP model on a European scale, which aligns with the framework set by the Paris Agreements to achieve net zero emissions by 2050.”

See Also:

RP Global has a development portfolio of 14GW of power projects including solar, wind and storage assets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The collaboration between Mirova and RP Global dates back to 2015.

Up to 2029, RP Global aims to develop and commission more than 2.5GW of solar, wind and storage assets, including several hybridised assets.

The transaction, which is still pending anti-trust clearances, will be finalised in November 2024.

RP Global CEO Gerhard Matzinger stated: “The new phase in our cooperation with Mirova enables RP Global to further our efforts in developing and deploying renewable energy projects at a crucial time for Europe’s energy transition.

“The financing provided will help us expand our initiatives to build sustainable infrastructure across the region, advancing our shared goal of reducing carbon emissions and supporting the transition to cleaner energy, and building a successful IPP of critical size.”