Mirova Injects USD10m to Fuel ecoligo's Solar Energy Expansion in Vietnam
Mirova Invests USD 10 million In Ecoligo To Take Vietnamese Solar Power Next Level.
The Paris-based sustainable investment firm Mirova has invested USD 10 million in the Berlin-based ecoligo. Ecoligo finances solar projects in emerging markets. This is going to be Mirova's first investment in the Vietnamese market and further cements Vietnam's entry into renewable energy. The funds are going to finance solar rooftop projects in Vietnam, thereby allowing a variety of businesses in the manufacturing, agriculture, healthcare, and hospitality sectors to take up clean energy.
Because of a unique financing model, ecoligo is offering funding to enable companies to build solar power installations in emerging markets without paying for the setup cost. PPAs and lease-to-own will be issued only according to the number of solar energy companies consume. Renewable energy has brought it close to being much cheaper. It succeeded in Latin America and Southeast Asia. Now, with Mirova injecting th
