ABN AMRO offers companies active in the energy transition business the opportunity to attract risk-bearing capital through a new initiative, the ‘Energy Transition Fund’.
Fund volume exceeds 200 million euros
The Fund targets companies and projects in the sectors sustainable energy, energy efficiency/carbon reduction, smart infrastructures and clean mobility, and will make equity capital investments varying from 10 to 25 million euro per transaction. Over the next few years, the Fund has room to grow to a total volume of more than 200 million euros.
Growing and diversifying
Rutger van Nouhuijs, CEO ABN AMRO Corporate & Institutional Banking, comments: “The energy transition market is rapidly growing and diversifying. Many businesses are well positioned and ready to take the next step towards further growth. They will not only need loans but in many cases also equity capital. This fund enables us to address that need.”
ABN AMRO serves clients active in the energy sector all over the world. Supporting the energy transition is one of the bank’s priority areas. Launching the Energy Transition Fund ties in with our ambition and with earlier initiatives such as the Sustainable Finance Desk and programmes aimed at improving the energy efficiency of private and commercial property.
The Netherlands and Northwest Europe
The Energy Transition Fund aims primarily at investments in the Netherlands and Northwest Europe. The Fund taps the expertise available within ABN AMRO and is led by Frederik Deutman. Several renewable energy investments currently handled by ABN AMRO private equity will be transferred to the Fund.