This historic fundraising round, which lasted 18 months, is testament to the hard work of Mirova's teams, who have been active in the energy transition infrastructure sector for 20 years. The team launched their first fund of €46 million in 2002 alongside ADEME2 to kick-start the wind energy sector in France. It then raised two further funds of €94m in 2008 and €354m in 2014 to open up to new geographies and technologies. Finally, the fourth fund raised €859m in 2018 and extended its scope of activity to low-carbon mobility. Over the years, Mirova has financed more than 330 projects for a total of over 6.5 GW of potential generation capacity across Europe and Asia.
This fundraising demonstrates investors' confidence in our responsible investment strategy, which puts impact at the heart of its activity. Of the €1.6 billion raised, €500 million came from clients already invested in our other ventures. MET 5 also marks our ability to raise funds internationally, with more than 75% of the investors coming from other European countries such as the Netherlands, the United Kingdom, Germany or even Spain and Italy, from North America or Asia.
Investments have also continued to keep pace with the growth of the sector. The fund has currently deployed €600 million in France, Poland and Belgium. It invests in proven technologies (onshore wind power, photovoltaic, hydroelectricity, storage) and in low-carbon mobility sectors, primarily to support the growth of the electric vehicle sector and the emergence of green hydrogen.
Another major area of development for MET 5 is the opportunity to invest outside Europe. This geographic diversification can reach up to 10% of the fund's assets and targets projects located in OECD member countries. Thus, the fund can invest in Asia, extending the partnerships forged with European developers into this region duplicating the models of projects already completed in Europe. A first significant indirect investment has been made this way in Australia.
The energy transition has dominated the headlines more than ever in the context of the energy crisis and climate shock. Our role as a responsible investor encourages us to accelerate the deployment of financing solutions for the resilient infrastructure that is essential to the decarbonization of our energy production methods and uses. It is part of our mission to provide capital for sustainable and resilient infrastructure, and to enable institutional investors to play an increasingly important role in the fight against climate change.
