ABN Amro launches €200 million fund for energy transition

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Netherlands-based financial services provider, ABN Amro has launched the “Energy Transition Fund,” a €200 million pot aimed at investing in companies and projects in the clean energy sector, as well as in projects related to energy efficiency, carbon reduction, smart infrastructure and electromobility.

The fund is expected to make equity capital investments in the range of €10 million to €25 million over the next five years.

“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,“ said Rutger van Nouhuijs, CEO of ABN Amro Corporate & Institutional Banking.

Investments will be made mostly in the Netherlands and Northwest Europe, the company said. “Several renewable energy investments currently handled by ABN AMRO private equity will be transferred to the Fund,” it added.

Solar is also mentioned as investment focus together with wind, hydropower, biomass, geothermal, biofuels and hydrogen.

To date, ABN Amro has already invested in several industrial rooftop PV projects across the Netherlands, Italy and the U.K. Furthermore, it owns and operates 34 MW of solar plants installed in Italy under the Conto Energia incentive scheme between 2010 and 2013. It also committed €25 million in equity for a residential PV project portfolio in the U.K. in 2017, while another €20 million was devoted for commercial rooftop solar projects in the Netherlands in 2016.