Legal Advisors to Mirova Mirova’s MultimillionDollar Financing Deal with Ghana-based ManoCap Energy DEAL BRIEF ADVISORS Mirova, an ESG-focused investment firm and affiliate of French investment manager Natixis, has provided USD 20 million in longterm debt financing to ManoCap Energy, a Ghana-based independent power producer (IPP). The deal, part of the Mirova Gigaton Fund, will support ManoCap’s expansion and accelerate the transition from fossil fuels to renewable energy in West and subSaharan Africa. Established in 2019, ManoCap Energy specializes in financing and managing energy infrastructure for commercial and industrial (C&I) clients, focusing on replacing diesel generators with solar, hybrid, and energy storage systems. The financing will enable ManoCap to strengthen its presence in Ghana and Sierra Leone and expand into neighboring markets. This transaction highlights Mirova’s continued commitment to sustainable infrastructure, leveraging its B-Corp accreditation to drive ethical investments in the global energy transition. International law firm Charles Russell Speechlys (CRS) advised Mirova on the transaction, with local legal support from Macauley, Bangura & Co in Sierra Leone, N. Dowuona and Company in Ghana, and C&A Law in Mauritius. Mirova’s investment director, John Kimotho, emphasized that the investment aligns with the fund’s mission to support high-impact clean energy projects in emerging markets. www.mbclegal.org 80 LAWYER MONTHLY DECEMBER 2024
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