Hexo develops investment strategies enabling investors to support the energy transition through the construction and management of renewable energy production, storage and clean mobility infrastructures projects in developed markets as well as in emerging countries.
Energy Transition in Emerging Markets
At Hexo, we understand that investors are looking for meaningful investment opportunities in the renewable energy sector.
Our extensive expertise in this market, combined with a robust network of partners, has enabled us to build a comprehensive investment platform focused on the energy transition. We cover a wide range of areas including storage, biogas, hydropower, hydrogen, and electric mobility, catering to both OECD countries and emerging economies.
Our mission is to help investors achieve long-term value creation while actively supporting the decarbonization of developed economies as well as facilitating access to low-carbon energy solutions in emerging markets.
With over 20 years of experience in structuring and managing energy transition funds, our dedicated team operates from key locations in Europe, Africa, and Asia (Paris, London, Nairobi, and Singapore1).
Our investment team leverages extensive industry expertise with rigorous ESG analysis from Mirova’s Sustainability Research team, striving to develop investment solutions that meet investors needs by focusing on value creation and delivering positive environmental and social impact.
Hexo is dedicated to supporting the energy transition in regions most vulnerable to climate change, particularly in Africa, Asia Pacific, Latin America, and the Middle East, by developing investment strategies that focus on both financial returns and positive impacts to accelerate access to low-carbon energy.
The future of our climate hinges on the energy transition in emerging markets, which are set to become the key drivers of global energy demand. In 2023, over 775 million people—primarily in Africa and developing Asia—still lacked access to energy1. These populations are also the most vulnerable to the impacts of the climate crisis.
Based in Africa, Asia, and Europe, our seasoned investment team embodies core values and boasts extensive expertise in the field. A one-stop shop for clean energy investments, we leverage our in-house legal, technical, and ESG expertise to position ourselves as leading experts in energy transition finance within emerging markets.
Our investments are strategically focused on fast-growing markets in countries demonstrating strong development potential. Together with investors, we can transform challenges into sustainable opportunities, contributing to a more equitable and resilient energy future.
Energy Transition Infrastructure in OECD Countries
Hexo presents a strong investment theme in renewable energy, looking to combine portfolio diversification, stable cash flows, and attractive returns while supporting decarbonization efforts aligned with the Paris Agreement. The evolving clean energy sector is becoming more competitive and innovative, and Mirova leverages its expertise to provide diverse investment opportunities in both mature and emerging technologies across the energy transition landscape.
Investing in energy transition infrastructure offers investors the opportunity to align with global sustainability goals while diversifying their portfolios and achieving stable, long-term returns through predictable cash flows from renewable energy projects. As supportive policies and consumer demand for clean energy rises, these investments not only mitigate climate risks and avoid stranded assets but also position institutions at the forefront of technological innovation in a rapidly evolving market.

Why invest?
Sustainable Energy For the Future
A HIGH POTENTIAL INVESTMENT THEME
Exponential energy demand: By 2050, global power demand will rise by 60%, driven by the emerging economies’ growth2. By 2030, African electricity demand will increase by around 75%3
High growth potential: Solar photovoltaic (PV) or wind represent the cheapest source of new electricity generation in most regions3 Africa has 60% of the world’s solar resources, with only 1% of PV capacity installed4. The distributed energy sector has grown from experimentation to scale over the past decade through business model validation and the first wave of M&A.
High-impact potential: the strategies designed by Hexo aim to help increasing access to reliable and affordable energy and ensuring viable alternatives to fossil fuel-based activities in emerging countries, thus improving quality of life, supporting economic development, and reducing inequalities.
AN INNOVATIVE APPROACH FOR ALL INVESTORS
To enhance the return/risk profile of investing in emerging economies, Hexo is developing innovative investment strategies that leverage blended finance instruments. These strategies empower institutional investors to scale their support for impactful clean energy projects in emerging markets, backed by public and philanthropic investors such as sovereign funds, development banks, and foundations.
Value Creation
At Hexo, our mission is to empower institutional clients with opportunities for long-term value creation while actively supporting the decarbonization of developed economies.
With over 20 years of experience in structuring and managing energy transition funds, our investment team leverages extensive industry expertise with rigorous ESG analysis from Hexo's Sustainability Research team, striving to develop investment solutions that meet investors needs by focusing on value creation and delivering positive environmental and social impact.