Solveo Energises Growth With €98m Mirova-Led Renewables Expansion Funding Boost

• Toulouse-based Solveo Energies secures €98 million from Mirova’s Energy Transition 6 fund to fast-track solar, wind and agrivoltaic projects and lift capacity to 800 MW by 2030.

Independent power producer Solveo Energies has closed a €98-million equity round that will turbo-charge construction of its French clean-energy pipeline. The fundraising is led by Mirova’s Energy Transition 6 (MET6) fund, which joins existing shareholders as a long-term partner.

Founded in 2008, Solveo has built a local-rooted model that keeps development, financing, EPC and asset management in-house, allowing it to move projects from sketch to kilowatt with unusual speed. The company already operates or is building 290 MW of capacity and controls a 2-GW development queue, spanning ground-mounted solar parks, rooftop arrays and onshore wind.

Clear 2030 target

Management says the fresh capital will accelerate the commissioning of its under-development portfolio and propel the firm toward 800 MW of operating assets by 2030—a build-out requiring total investments of about €875 million. Key near-term priorities include expanding agrivoltaic pilots, scaling self-consumption schemes and deepening corporate-PPA relationships such as an existing supply deal with rail operator SNCF.

Strategic partnership

“We are very proud to welcome Mirova into our entrepreneurial journey,” Jean-Marc Mateos, Solveo’s president, said in a statement. “This long-term partnership gives us the means to accelerate our development while staying true to our conviction: producing sustainable, local energy that respects communities.”

Raphaël Lance, head of energy-transition funds at Mirova, framed the investment as a vote of confidence in Solveo’s regional focus and diversified technology mix. “Their local presence, ability to deliver innovative projects and responsible approach to the energy transition align perfectly with our strategy,” he noted, adding that the stake should help France bolster energy sovereignty.

Why it matters

The deal underscores the growing appetite among infrastructure investors for mid-sized French developers with de-risked pipelines and proven execution teams. It also reflects policymakers’ push to triple solar installations and double onshore wind by the end of the decade as the country hustles to meet EU climate targets.

Next steps

Solveo said detailed engineering on several 2026-delivery projects is already under way, with first draws on the new equity expected before year-end. Financial close on additional debt facilities is slated for early 2026, keeping construction crews busy and the company firmly on track for its 800-MW milestone.

With fresh capital in hand and a heavyweight sustainability investor on its cap table, Solveo now shifts from planning to planting turbines and panels across the French regions it calls home—turning ambition into megawatts at record pace.