French renewable energy company Solveo Energies has successfully secured €98 million in a recent financing round. The funds are intended to expedite the development of wind and solar projects, contributing to France’s goals for carbon neutrality. Established in 2008, Solveo collaborates with local resources and partners to develop, finance, build, and operate renewable energy initiatives. The firm currently oversees 290 MW of assets either operational or under construction and has 2 GW in the development phase, with 320 power plants already in operation.
With this new capital injection, Solveo aims to achieve an installed capacity of 800 MW by 2030. The funding round was spearheaded by Mirova, a sustainability-centric investor affiliated with Natixis Investment Managers.
Jean-Marc Mateos, President of Solveo Energies, expressed pride in welcoming Mirova to their venture. Highlighting the partnership, he stated that this operation bolsters their independent and locally integrated model, allowing them to accelerate development and remain committed to producing sustainable, community-respecting local energy.
Mirova’s investment comes via its Mirova Energy Transition 6 (MET6) fund. Launched in 2023, MET6 targets €2 billion in commitments, focusing on investments in energy transition infrastructure and supporting Europe’s decarbonisation efforts.
Raphaël Lance, Head of Energy Transition Funds at Mirova, stated that their partnership with Solveo Energies, a dedicated entity in the renewable energy sector, underscores their belief in Solveo’s potential. He noted that Solveo’s local presence, innovative project leadership, and responsible energy transition approach align with Mirova’s investment strategy. Lance expressed confidence that Solveo Energies will realise its ambitions, aiding decarbonisation and energy sovereignty.
