Rabobank Group

13-7-2009 | Other news

Rabobank announced the establishment of a Renewable Energy and Infrastructure Finance (REIF) team in the Americas, and the arrival of Thomas Emmons, Managing Director, as its head. Rabobank’s REIF business has teams in Europe, Asia and now in New York, focusing on the Americas region.

Rabobank’s REIF business specialises 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.  

In the Americas, 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. 

Rabobank is a leading international partner in the renewable energy sector and combines in-depth knowledge and expertise with arranging, underwriting and syndication capabilities. Rabobank offers “one-stop shop” solutions, combining renewable energy and infrastructure finance expertise with commodity derivatives, trade and commodity finance, financial derivatives, M&A, and principal equity investments. Consistent with the mission of Rabobank to further develop sustainable energy supplies and technologies around the world, REIF aims to further expand its position in sustainable energy globally.

“Rabobank's agricultural roots and cooperative structure ensure that we are especially aware of the need for sustainable development, and drive our goal of making sustainability an integral part of our business,” said Marcel Gerritsen, Global Head of REIF for Rabobank.  “We strive to support our customers in operating their business in a sustainable manner by providing know-how and innovative products which create opportunities for them. 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. Achievements in these areas will yield important benefits in both economic development and a better climate, and Rabobank is committed to this sector even in the current difficult financial market conditions.”