Eurofideme 2 partners with Holmen to build a 51 MW wind farm in Sweden
Eurofideme 2* has created, through its stake in Wotan S.A., a 50/50 joint venture with Holmen, a Swedish forest industry group, to build and operate a 51 MW wind farm in the Stockholm County.
The project, developed by Holmen on its own land in Norrtälje, consists in the construction of 17 Vestas 112-3MW wind turbines with an expected annual production of 165 GWh. Through this project, scheduled to be launched at the end of 2014, Holmen will exploit its excellent opportunities to produce wind power on its own land. With a total investment of €76 million, the on-shore wind farm is located in the only area declared of national interest in the Stockholm County.
“This project is a key milestone to our expansion strategy in Sweden, one of the most attractive markets for wind in Europe, and is a great opportunity for Eurofideme 2 to be co-investing with a high-quality partner like Holmen”, commented Raphaël Lance, Director of Eurofideme 2.
“We are very satisfied to have signed this agreement with Eurofideme 2, which has an extensive experience in the renewable energy business”, said Holmen’s President and CEO Magnus Hall.
This new investment confirms Mirova Environment and Infrastructures’ intention to be a leading fund manager in renewable energy infrastructures in Europe.
Eurofideme 2, is a French FCPR infrastructure fund investing in greenfield renewable energy projects in Europe. It is managed by Mirova Environment and Infrastructure, a fund manager active in the renewable energy space since 2003, through Fideme and Eurofideme 2 which have made a cumulated 32 investments in the renewable energy segment participating in building more than 600MW of renewable energy projects in Europe partnering with mid-size developers and leading industrial groups.
Mirova, the Responsible Investment division of Natixis Asset Management, develops an engaged approach aiming to combine value creation and sustainable development. Mirova’s philosophy is based on the conviction that integrating sustainable development themes in investment approaches can generate solutions that create value for investors over the long term. Mirova offers a global responsible investing approach with a unique offering built on 4 pillars: listed equities, infrastructure, Impact investing(1), voting and engagement. The second-largest European manager of open-ended SRI funds and social business funds(2), Mirova has €3.9bn in equity in terms of AuM, a total commitment of €393M in infrastructure projects(3), €6.7bn in advising on SRI (excluding equities) and €20.4bn in voting and engagement as of 31/03/2013.
Mirova Environment and Infrastructure, a fully-owned subsidiary of Natixis Asset Management since 20 November 2012, is an investment fund management company specialising in project financing for renewable energy infrastructure in Europe and publicprivate partnerships for a wide variety of projects in France (universities, hospitals, urban transport, etc.). With its four funds, Fideme, Eurofideme 2, Fideppp and Fideppp 2, Mirova Environment and Infrastructure represents total outstandings of €393 million at 31 March 2013.
Natixis Asset Management ranks among the leading European asset managers with €297.2 billion in assets under management and 682 employees. Natixis Asset Management offers its clients tailored, innovative and efficient solutions organised into six investment divisions: Fixed income, European equities, Investment and client solutions, Structured products and volatility (developed by Seeyond(6)), Global emerging and Responsible Investing (developed by Mirova(6)).
Source: Natixis Asset Management as of 31/03/2013. Seeyond and Mirova are brands of Natixis Asset Management
- Impact investing: investments with a strong social and environmental impact.
- Source: Feri Lipper, based on assets under management as of 30 June 2012.
- Of which €235 m invested in infrastructure projects.
References to classifications, awards and/or ratings are not an indicator of future performances by the funds/UCITS and/or fund manager
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Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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