Mirova invests $10 million to fund C&I solar projects in Vietnam

Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions. 

This investment will fund a portfolio of greenfield C&I solar rooftop projects in Vietnam and marks the Mirova Gigaton Fund’s first investment in the country.

The senior debt financing will enable ecoligo to expand its C&I solar business in Vietnam, further advancing Sustainable Development Goal (SDG) 13, focusing on climate change mitigation. Vietnam, a key economic player in Southeast Asia, presents a promising market for sustainable energy solutions.

Mirova, based in Paris, has been investing in sustainable projects for over a decade and offers a range of investment products catering to institutional and retail investors across Europe, North America, and the Asia-Pacific region.