Natixis News

Mirova EuroFideme 3 contributes to the funding of the Novillars Biomass Cogeneration Facility

Launch of the construction of the Novillars Biomass Cogeneration Facility, whose mezzanine debt was partly financed by Mirova EuroFideme 3.

The future facility, with a capacity of 20 MWe and a thermal output of 23.5 MWth, will be located in Novillars, on the Gemdoubs paper mill site, and will produce electricity that will be sold on to EDF for a period of 20 years and will provide the paper mill with steam for its paper production. From a wood energy resource whose output will be optimized, the Novillars Biomass Cogeneration Facility will produce 153 GWh/year of green electricity, i.e. the equivalent of the annual consumption of 105,600 people, and 215,000 tons of green steam, initially generated by the combustion of fossil fuels.

Addressing the challenges of the ecological and energy transition, the cogeneration powerplant is supported by Mirova EuroFideme 3 which financed a portion of its mezzanine debt.

For further information, please refer to the press release.

For further reading: Mirova finalises the closing of its third renewable energy fund, with 350M€ commitment

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About Mirova
Mirova, an asset management company wholly owned by Natixis Asset Management1, brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 63 employees, Mirova has €6 billion in assets under management2.

Mirova
A subsidiary of Natixis Asset Management
Limited liability company
Share Capital: €7 641 327.50
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
www.mirova.com

The analyses and opinions referenced herein represent the subjective views of the author as referenced, are as of the mentioned date, and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.

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