25 November 2015 2015 03:58 AM GMT

EIB, Rabobank to Offer Suitability Loans to Dutch SMEs

The European Investment Bank and Rabobank are collaborating to introduce an impact loan to encourage small and medium-sized Dutch business owners to make sustainable investments.

The first tranche will make an additional €50 million (US$53 million) available for loans with a positive social impact. Business owners who demonstrably display corporate social responsibility and wish to make new sustainable investments can apply for an impact loan with an interest discount of up to 1.2% for new loans.

“The investments of the EIB are a tangible and effective contribution to the Dutch economy. It is in the interest of future generations that these investments are sustainable ones. Thanks to this impact loan, extra funds are made available for Dutch entrepreneurs and it’s now up to them to use them to their advantage, as well as to the advantage of man, environment and society,” said EIB Vice President Pim van Ballekom. “This is the first time that channels its support in the Netherlands specifically towards stimulating sustainable development in SMEs and mid-caps. In case the initiative is successful, we will definitely consider renewing it.”

“A company that invests sustainably invests in more than only its own future. It also contributes to a world we can all live in, and that benefits people and the environment,” said Paul Dirken, Director of Businesses at Rabobank. ‘With this impact loan, which is a loan at a significant discount, we are the first major Dutch bank to financially reward our business clients for sustainable behaviour.

“Together with the EIB, we are applying our knowledge and experience to make it even more attractive for Dutch SME and midcap business operators to invest in sustainability. Currently, just over 5% of our business clients are pioneers with respect to sustainability. We expect the impact loan to lead more SME and midcap company owners to make the move to sustainable development with good and sustainable plans.”

Applications for an impact loan will have to meet the normal conditions of the EIB and Rabobank. Businesses with up to 3,000 employees are eligible to apply. The loan is available to SME and midcap companies, as long as they wish to invest in sustainability and hold one of the 37 selected quality marks. The total investment may not exceed €25 million, while the maximum amount to be borrowed is €2.5 million.

The quality marks are selected on the basis of how businesses are monitored to ensure they meet and comply with the quality mark requirements. The selected quality marks set requirements that go further than the statutory requirements with respect to sustainability, in areas such as environmental impact, fair trade and animal welfare.

July 29th 2019
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Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

July 27th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

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July 29th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

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July 29th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

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March 24th 2019
Clean Energy: Most Competitive Source of New Power Generation in the Middle East

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November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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