Essent and Delta set up investment fund for clean energy projects

Essent and Delta, together with Chrysalix and Robeco, have set up an investment fund to finance innovative companies and projects involving clean energy.

The Sustainable Energy Technology (SET) Fund, powered by Chrysalix and Robeco, is due to start in August 2007 with a starting capital of 50 million euros from Essent Ventures BV and Delta Investeringsmaatschappij BV and hopes to double this sum by attracting other investors.

The fund will be aimed especially at young, innovative companies that are actively developing new technologies for the production of clean energy, alternative fuels, CO2 reduction and energy saving.

Alongside Chrysalix and Robeco, Essent and Delta will be contributing their knowledge and experience in the supply of sustainable energy and innovative technologies. However, the SET fund will act independently of the financiers. Robeco has a large international network which gives access to other investors in this sector. Chrysalix Energy, registered in Canada, is an active investor worldwide in the field of new clean energy technologies and has a front-rank position in attracting deals and constructing venture capital syndicates for the energy sector.

The fund has evolved from the agreements made as part of the Borssele Covenant, concluded between the national government (Ministry of Housing, Spatial Planning and the Environment and Ministry of Economic Affairs) and Essent, Delta and EPZ.

Published: 25 July 2007