About This Fund
The Mirova Gigaton Fund will seek to accelerate energy transition across Africa, Latin America, the Middle East and Asia by providing private debt financing to businesses active in solar power for homes, agriculture, telecommunications and industry, mini-grids and green energy sectors including electric vehicles mobility, storage, climate-smart food systems, energy efficiency. Projects funded by the blended finance debt fund will help to increase access to reliable and affordable energy and ensure viable alternatives to fossil fuel-based activities. As of Feb. 2024, the Fund has already closed USD 282 million, including a USD 75 million senior commitment from the European Investment Bank and an additional EUR 5 million catalyst junior investment under the Luxembourg-EIB Climate Finance Platform (“LCFP”).