Page 10 - AsiaElec Week 25 2022
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AsiaElec RENEWABLES AsiaElec
SB Energy, Elixir eye GW-scale
green H2 production in Mongolia
JAPAN JAPANESE energy firm developer SB Energy wind farm in the Gobi Desert through a joint
Corp has signed a memorandum of under- venture with a local partner.
standing (MoU) with Australia-based Elixir “The country’s excellent renewable resources
Energy o study the proposed development of a and proximity to potential hydrogen markets
gigawatt-scale green hydrogen project in Mon- makes Mongolia a potential Tier One location
golia’s Gobi Desert. for future green hydrogen production and we
Pre-feasibility studies will be conducted to look forward to accelerating our efforts on this
develop a small-scale pilot project that could front under this new partnership,” said Neil
open the way for the envisaged larger scheme. Young, Elixir Energy’s managing director and
SB Energy said it intended to explore the pos- CEO.
sibility of utilising renewable sources to produce
green hydrogen.
The company operates the 50-MW Tsetsii
Mirova acquires climate
investor SunFunder
ASIA NATIXIS Investment Managers affiliate Mirova Desiderato and Ryan Levinson.
has announced the acquisition of SunFunder, Following the completion of the transaction,
which offers specialist innovative financing solu- Mirova will own 100% of SunFunder, whose
tions for decentralised solar energy in Africa and teams and expertise will strengthen local invest-
Asia. ment and execution capabilities for the private
SunFunder has closed over $165m in invest- assets of the unit of Natixis.
ments across 58 firms, such as off-grid solar “In order to thoroughly address the chal-
home systems in Malawi, village mini-grid lenges that come with the fight against global
projects in Kenya, and commercial and indus- warming and social inequalities, having a local
trial rooftop installations in Nigeria as well as presence in emerging countries is critical,”
Thailand. Mirova chief executive Philippe Zaouati said.
“Mirova and SunFunder’s first objective is to SunFunder’s team of 28 people will be
launch a solar energy debt financing fund, with retained to keep expanding their high-im-
an investment capacity of $500 mn through pact energy transition work, and together with
about 70 projects spread over Africa, Asia and Mirova, to build a broader emerging markets
Latin America. The first closing could take place platform for clean energy and climate invest-
by the end of the year,” Mirova in a June 20 press ments. The team is located in Nairobi, Paris and
release. London.
SunFunder’s business objectives align with Natixis chief executive Tim Ryan said Sun-
Mirova’s aim to be a global leader in energy Funder’s acquisition by Mirova is within 2024
transition financing through investment solu- strategic plan of Natixis and also contributes to
tions that enhance debt financing expertise and strengthening the parent company’s private and
in-depth knowledge of emerging markets. alternative asset offering.
“Together we become the leading clean “Our clients around the world looking for
energy and climate investor in emerging mar- diversification and sustainable sources of return
kets, through bold new investments with real will now have easier access to impact invest-
impact,” said SunFunder’s Co-founders Audrey ments in emerging markets,” he said.
P10 www. NEWSBASE .com Week 25 22•June•2022
