February 8, 2023<\/p>\n
We are proud to present our sixth fund: the StartGreen Transition Fund (SGTF). The SGTF focuses on accelerating the Dutch energy transition by financing regional energy projects. The fund, which aims for a size of 200 million euros, is now open to investors. The fund is expected to start financing projects from the fourth quarter of this year. Like StartGreen Capital’s other funds, the StartGreen Transition Fund belongs to the highest <\/strong>category (9) of sustainable funds according to the SFDR.<\/strong><\/p>\n <\/p>\n Reason for establishment<\/strong> Closing the financing gap<\/strong> Debt fund for local projects<\/strong> Stijn Welage: “Consumers are becoming increasingly vocal. This also applies to participants in pension funds and capital insurance: they want to see that their retirement savings are invested usefully, so that their children and grandchildren can also look forward to a beautiful, green future. With the StartGreen Transition Fund, institutional investors can show that they are making a double impact: both financially and socially.”<\/p>\n Erhan Yildiz: “With the StartGreen Transition Fund, we are making a large, tangible impact at the local level. We want to link local institutional investors to local entrepreneurs to enable the transition to a sustainable future together. The need now seems greater than ever given the number of projects we see looking for a financing solution.”<\/p>\n","protected":false},"excerpt":{"rendered":" February 8, 2023 We are proud to present our sixth fund: the StartGreen Transition Fund (SGTF). The SGTF focuses on accelerating the Dutch energy transition by financing regional energy projects. The fund, which aims for a size of 200 million euros, is now open to investors. The fund is expected to start financing projects from […]<\/p>\n","protected":false},"author":8,"featured_media":15048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[121,129,208],"tags":[177,127,131,124],"class_list":["post-15047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-startgreen-capital","category-startgreen-transition-fund","tag-change","tag-energy-transition","tag-impact","tag-sustainability"],"acf":[],"_links":{"self":[{"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/posts\/15047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/comments?post=15047"}],"version-history":[{"count":0,"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/posts\/15047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/media\/15048"}],"wp:attachment":[{"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/media?parent=15047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/categories?post=15047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startgreen.nl\/en\/wp-json\/wp\/v2\/tags?post=15047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe Netherlands has an ambitious climate goal: by 2030, 70 percent of all electricity must be renewable. To achieve this, tens of billions of euros in financing are needed for projects in the generation, conservation, storage, and use of sustainable energy. Meanwhile, banks are financing a smaller share of energy project development than before. Furthermore, the desire to be energy-independent is greater than ever due to high energy prices and the war in Ukraine. <\/p>\n
\nAnouk Bl\u00fcm, Managing Partner of StartGreen Capital: “Due to inflation and the reduction of the SDE subsidy, banks now often only finance a limited portion of sustainable energy projects. Previously, this share could be as high as 95 percent. We want to help meet this financing demand so that project developers and local energy cooperatives can still realize their projects. Through our other funds, we have been successfully financing these types of projects in Overijssel and Noord-Holland for over ten years. Therefore, it seemed logical to us to use that experience and knowledge now to enable the acceleration of the energy transition in the rest of the Netherlands in time.”<\/p>\n
\nStartGreen has the organization and team ready and is conducting exploratory talks with several institutional investors. The fund will be a debt fund<\/em> and will primarily provide junior loans to regional energy projects. These projects focus on: energy generation, storage, and conservation, but also, for example, on greening mobility via charging stations and making buildings more sustainable. Because the fund has a low risk profile, offers a stable return, and also helps achieve climate goals, Stijn Welage and Erhan Yildiz, the fund’s Investment Directors, expect to be able to finance the first projects this year. <\/p>\n