Tuesday, July 21, 2009

Financing for biofuels projects may be a worry of the past

Rabobank has just established a Renewable Energy and Infrastructure Finance team (FEIF) in the Americas. Tomas Emmons will be leading this department with teams located in Europe, Asia and now in New York.


The REIF Team will focus on non-and-limited-recourse finance solutions in biofuels, biomass, bio-energy, wind power, solar power, renewable energy and energy infrastructure projects.
Focusing on the United States, Rabobank plans to grow relationships with developers, owners and operators of renewable energy generating technologies and facilities. Rabobank will start by participating in and co-underwriting project financings, and in the future will lead project financing transactions. Rabobank is currently seeking out opportunities to finance the renewable energy activities of its food and agribusiness clientele.


Marcel Gerritsen, Global Head of REIF, said in a press statment, “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. 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.”

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