France’s Mirova gets $286.3 mln in Eurofideme 4 fund's first close

France-based Mirova, the investment arm of asset manager Natixis Asset Management, has secured 250 million euros ($286.3 million ) in the first close of its fund, Eurofideme 4 fund.

The final size of the fund, expected to reach between $567 million and $793 million, which will be used for renewable energy projects, battery storage, electric mobility and charging infrastructures across Europe.

Mirova said that investments came from a large number of its existing investors, and also got commitments from new European investors.

The company’s Eurofideme 3 renewable energy fund closed at $400 million in the summer of 2016 and is now investing in a diversified portfolio of European infrastructure.