Mirova has invested $10m in energy company Ecoligo to finance a portfolio of greenfield commercial and industrial solar rooftop projects in Vietnam.
This marks the first investment by the Mirova Gigaton Fund in Vietnam, and the loan will enable Ecoligo to grow its C&I solar business in the country.
Berlin-based Ecoligo offers fully financed solar-as-a-service solutions for businesses in emerging markets, particularly in southeast Asia and Latin America.
The company provides solar photovoltaic (PV) systems through Power Purchase Agreements (PPAs) and lease-to-own models for on-grid C&I clients.
It focuses on a variety of sectors, including industrial and manufacturing enterprises, hotels and resorts, agricultural facilities, private hospitals and universities.
Ecoligo currently manages a global portfolio of 100MWp, comprising 200 projects.
The energy solutions developed by Ecoligo align with Vietnam’s net-zero policy, which aims for carbon neutrality by 2050.
Ecoligo chief executive officer Martin Baart said: “We are thrilled to expand our impact in Vietnam with the support of Mirova’s investment.
“This partnership not only accelerates our mission to deliver clean and affordable energy solutions but also exemplifies how collaboration can drive meaningful progress toward global climate goals.
“Together, we are unlocking the potential for businesses to embrace solar power, actively contribute to a low-carbon future, and pioneer the global energy transition.”