ABN AMRO Energy Transition Fund grows its wind energy portfolio

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ABN AMRO’s Energy Transition Fund has teamed up with Greenchoice and Windunie to invest in wind farm Greenport Venlo, the second wind farm to be developed by this combination of investors. Late last year, these three organisations took a stake in the Veenwieken wind farm in the Dutch province of Overijssel.

The project entails a total of nine wind turbines with a joint capacity to supply power to some 28,000 households. The wind farm is scheduled to be operational by 2021. Greenchoice, Windunie and their funding partner ABN AMRO Energy Transition Fund will develop, implement and operate the wind farm project. By purchasing the wind farm, Greenchoice will increase its capacity to generate green power.

Community fund and participation scheme

At a local level, energy cooperatives Samenstroom in Venlo and Reindonk Energie in Horst aan de Maas will help local communities develop and implement a community fund to carry out projects initiated by local residents. Going forward, ideas proposed by residents will be collected and studied. The Greenport wind farm will provide funding for the community fund. In addition, agreements have been made with the provincial authorities aimed at enabling local energy cooperatives to set up a participation scheme for a maximum of four wind turbines. With the scheme, local residents and businesses will be able to invest in and benefit from the wind farm.

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