Mirova and SunFunder plan to launch solar energy debt financing fund

Chicago, June 21 – Mirova and SunFunder plan to launch a solar energy debt financing fund, with an investment capacity of $500 million through about 70 projects spread over Africa, Asia and Latin America, according to a press release.

The first closing could take place by the end of the year.

Mirova, an affiliate of Natixis Investment Managers, announced the acquisition of SunFunder, a private debt management company that finances renewable energy projects in Africa and Asia, on Tuesday.

Paris-based Mirova is an asset management company. SunFunder is based in Nairobi, London and Paris.

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