With Mirova’s investment, RP Global targets 2,500 MW in new solar, wind, and storage installations by 2028. (Image Source: Mirova)
RP Global, an Austrian and Spanish renewable energy developer, has partnered with Mirova, a French investment firm, to establish a large Independent Power Producer (IPP) with over 2.5 GW capacity across Europe. Mirova’s sixth energy transition fund (MET6) will contribute EUR 200 million, complemented by EUR 280 million from a co-investment vehicle under Mirova’s management, making Mirova a key minority shareholder in RP Global. The companies aim to expand RP Global’s renewable assets over the next five years, commissioning projects across Italy, Germany, France, Spain, Portugal, Poland, and Croatia. RP Global’s pipeline exceeds 14 GW. The transaction is expected to close in November, pending anti-trust clearance. Nomura Greentech, White & Case, and KPMG are advising Mirova, while Lazard, Schönherr, and Clifford Chance support RP Global.
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