Rabobank Launches Renewable Energy And Infrastructure Finance Division In U.S.

0

Dutch financial company Rabobank has established a renewable energy and infrastructure finance (REIF) team in New York to serve North America and South America. Managing Director Thomas Emmons will head the new division.

Rabobank's REIF business specializes in non- and limited-recourse finance solutions in renewable energy, bio-energy and energy infrastructure projects. Rabobank's REIF teams are active in financing onshore and offshore wind, solar, biofuels and biomass.

Rabobank intends to establish relationships with developers, owners and operators of renewable-energy-generating facilities and technologies. The bank will initially participate in and co-underwrite project financings and, in the future, will lead project financing transactions. Rabobank will also look for opportunities to finance the renewable energy activities of its traditional core food and agribusiness client base.

‘Our goal overall is to apply our financial services to effectively contribute to the transition from a high-CO2 to a low-CO2 economy and, within the renewable energy sector, to further develop sustainable energy supplies and technologies around the world,’ says Marcel Gerritsen, head of REIF for Rabobank.

Rabobank offers one-stop solutions, combining renewable energy and infrastructure finance expertise with commodity derivatives, trade and commodity finance, financial derivatives, mergers and acquisitions, and principal equity investments.

Emmons previously worked at HSH Nordbank in New York, where he helped build one of the leading renewable energy finance businesses in the region. He will be joined in Rabobank's new division team by Ron Klein, managing director, who transfers from the bank's structured finance department, and Marcel Veltrop, vice president, who transfers to New York from the bank's REIF team in Europe.

SOURCE: Rabobank

Leave a Comment
Your email address will not be published. Required fields are marked *

avatar
  Subscribe  
Notify of