Luxembourg-based Mirova Gigaton Fund has invested $20 million in long-term debt financing to ManoCap Energy, a West African independent power producer specializing in solar and hybrid C&I projects. This marks the Fund’s fourth investment since its March 2023 inception. The funding will support ManoCap’s expansion in Ghana, Sierra Leone, and neighboring countries such as Nigeria and Ivory Coast. According to ManoCap Energy, the investment aims to replace diesel generators with solar and battery storage systems, enhancing energy access for SMEs and supporting climate change mitigation. Mirova Gigaton Fund, a SICAV Reserved Alternative Investment Fund under Luxembourg law, focuses on socio-economic development and bridging the digital divide in emerging African markets.
Mirova funds ManoCap’s West Africa solar ventures
Investment by Mirova Fund to help ManoCap Energy replace diesel generators with solar and battery systems. (Image Credit: Mirova)
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