Infrastructure

Launched in 2015, for an initial amount of €207 million, the initial commitment has already been fully invested two years before the end of the investment period. At the end of this closing, it is now 2.5 times bigger than at the beginning.

The plant will have a projected capacity of approximately 121 MWp. Construction works will begin shortly. The facility is expected to be connected to the grid in Q2/2020. Like project El Salobral, which Luxcara acquired in December 2017, Guillena-Salteras will sell the produced electricity directly to an off-taker on the basis of a power purchase agreement (PPA).

Infrastructure development in cities is key to fighting climate change and fostering sustainable development. Cities need to become more inclusive, resilient and sustainable as stated by Sustainable Development Goal (SDG) Number 11.

Mirova, the leading asset manager dedicated to sustainability investing and affiliate of Natixis Investment Managers, held 250M€ first close for Mirova Eurofideme 3 in late October.