Rabobank Launches Renewable Energy & Infrastructure Finance in Americas
Headed by Thomas Emmons, REIF Team Will Fund Renewable Energy Projects, Activities
July 13, 2009 –
New York, NY – Rabobank
today 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 specializes 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.
Thomas Emmons,
who joined Rabobank on July 1, heads the Americas team in New York and reports
to Marcel Gerritsen, Rabobank’s Global Head of REIF, and to Robert Bucklin,
Chief Corporate Banking Officer in North America. From 2003 to June 2009,
Emmons worked at HSH Nordbank in New York, where he helped build one of the
leading renewable energy finance businesses in the region. Emmons will be
joined in Rabobank’s new Americas REIF team by Ron Klein, Managing Director, who
transfers from the bank’s Structured Finance department, and Marcel Veltrop,
Vice President, who transfers to New York from the bank’s REIF team in
Europe.
“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.”
About
Rabobank
Rabobank (www.Rabobank.com) 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 is the premier
bank to the global food and agriculture industry, providing specialized products
and unparalleled agricultural expertise to clients operating across the entire
value chain. Since 1981, Rabobank has held triple A credit ratings from
Standard & Poor’s (AAA) and Moody’s Investors Service (Aaa), and is
recognized as one of the safest banks in the world. Rabobank is committed
to sustainable and socially responsible banking in all our operations, and is
recognized as one of the most sustainable banks worldwide.
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