Rabobank to Finance American Renewable Energy Projects

Rabobank on Monday announced the establishment of a Renewable Energy and Infrastructure Finance (REIF) team to specialize in non- and limited-recourse financing of renewable energy, bio-energy, and energy infrastructure projects.

Rabobank’s REIF business has teams in Europe, Asia and now in New York, focusing on the Americas region.

Rabobank is a full range global financial services leader providing
institutional and retail banking, agricultural and real estate
financing, leasing, and asset and investment management services in
over 40 countries worldwide. From its century-old roots as a Dutch
farmers’ cooperative, Rabobank has grown into one of the 25 largest
banks in the world based on total assets of over $850 billion, and one
of the 20 largest banks based on Tier 1 capital.

Rabobank said it 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 said it 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.

"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," Marcel Gerritsen, Global Head of REIF for Rabobank, said.

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