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.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

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.

August 9th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

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

Renewable energy is the most competitive form of power generation in GCC countries, according to a new report published by the International Renewable Energy Agency (IRENA). It says that achieving stated 2030 targets brings significant economic benefits to the region including the creation of more than 220 000 new jobs whilst saving over 354 million barrels of oil equivalent (MBOE) in regional power sectors. Furthermore, the power sector’s CO2 emissions can be reduced by 136 million tonnes (22%), while water withdrawals in the power sector can be cut by 11.5 trillion litres (17% reduction) in 2020.

August 12th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

solar energy qmqr18