The solar tracker system industry in Benelux focuses on optimizing solar power generation by employing advanced systems that adjust the angles of solar panels throughout the day. Various companies, including manufacturers, technology developers, and service providers, are actively promoting solar technology solutions that enhance energy efficiency. The industry's growth is spurred by increasing demand for renewable energy, stringent climate policies, and innovations in solar technology. Interestingly, as solar projects gain momentum, local installers are often integrating trackers to maximize yield, strengthening the interconnected relationship between energy production and sustainable practices within the region.


The list of investors features a blend of corporate and venture capital firms headquartered across Benelux. Active investors range in size from small funds to large organizations, with a mix of established entities like Triodos Bank and innovative players like Rockstart. Founded between 1958 and 2020, these investors collectively made significant strides in 2024, with some reports indicating scores of deals aimed at embracing solar technologies. This attention highlights their commitment to fostering innovation while ensuring sustainable energy investments contribute to climate objectives.


Top 12 Solar Tracker System Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, such as the EIC Accelerator and EIC Pathfinder, to assist startups and SMEs in developing and scaling their technologies. In 2024 alone, the EIC has been involved in 57 investments, showcasing its active role in fostering innovation. Notably, the EIC Fund participated in a Series A funding round for Brite Solar, a Greek energy company that raised €8.6M to develop and install a solar glass production line, which is crucial for solar energy applications. Additionally, the EIC has provided grants to companies like Efficient Energy Technology and Dracula Technologies, further emphasizing its commitment to supporting advancements in energy technologies, including those relevant to solar energy and potentially solar tracker systems.


2. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. They provide a marketplace for energy solutions, training programs, and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to address the challenges of energy transition and sustainability. Notably, they have participated in funding rounds for companies like SunRoof, which raised significant amounts in seed rounds in 2020 and 2021, focusing on solar energy solutions. Additionally, their involvement with Nnergix, a company that operates in the renewable energy sector, further emphasizes their commitment to supporting innovations that could include solar tracker systems. Through these transactions, InnoEnergy demonstrates a clear interest in advancing technologies that contribute to the solar energy landscape.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides financial services such as loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. EIB's clientele includes both public and private organizations seeking funding for initiatives that promote growth and job creation. In recent years, EIB has been involved in significant transactions in the renewable energy sector, including a €150 million loan to Iberdrola for the development of 400MW of photovoltaic and wind projects in Italy. This funding is part of EIB's broader strategy to support sustainable energy projects, including solar energy, which is relevant to the solar tracker system industry.


4. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities to help startups scale and succeed. Rockstart's business model focuses on supporting purpose-driven entrepreneurs to drive positive change. In the context of solar energy, Rockstart has made notable investments such as in IM Efficiency, which aims to enhance the use of solar energy in road freight transportation, and SolarCreed, which raised funds to support solar initiatives. These transactions highlight Rockstart's active engagement in the solar energy sector, particularly in innovative solutions that could relate to solar tracker systems.


5. Brabantse Ontwikkelings Maatschappij (BOM)


Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in the Brabant region, offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. They provide funding, expertise, and networking opportunities to facilitate success in competitive markets. BOM has been involved in several relevant transactions in the solar energy sector, including a recent investment in IM Efficiency, which aims to accelerate the use of solar energy in road freight transportation. They also invested in Taylor, a Dutch solar tech startup that raised €8M for product development and team expansion. These investments highlight BOM's active role in promoting solar energy innovations, making them a relevant player in the solar tracker system industry.


6. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, founded in 2020, that focuses on financing sustainable and innovative projects in the Netherlands. They support entrepreneurs with promising plans for societal transitions, particularly in the energy and technology sectors. In 2022, Invest-NL participated in a significant funding round for Lightyear, a Dutch solar EV startup, raising €81 million to support the production of solar-powered vehicles. They also invested in Exasun, which received €9 million to build a new PV assembly line, and in HyET Solar, providing €14.5 million in venture debt to scale up production capacity for solar technology. Additionally, they backed SolarDuck with €15 million for the development of offshore floating solar power technology. These transactions highlight Invest-NL's active role in promoting solar energy solutions and their commitment to sustainable investments.


7. Triodos Bank

  • Website: triodos.com
  • Type: Venture Capital
  • Headquarters: Driebergen-Rijsenburg, Utrecht, Netherlands
  • Founded year: 1980
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: triodos-bank

Triodos Bank N.V. is a public entity operating as an ethical bank focused on sustainable finance, founded in 1980 and based in Driebergen-Rijsenburg, Utrecht, Netherlands. The bank offers services such as depository receipts, green bonds, and investment management, catering to individuals and businesses seeking to align their financial activities with ethical and sustainable practices. Triodos Bank has been actively involved in financing solar energy projects, including notable transactions such as a $16.5 million debt financing for Sunvigo, a solar utility company, and participation in a bond issuance for Fourth Partner Energy, a distributed solar energy firm. These investments reflect Triodos Bank's commitment to promoting transparency and positive impact in the banking sector while supporting the transition to renewable energy sources.


8. Oikocredit

  • Website: oikocredit.coop
  • Type: Corporate
  • Headquarters: Amersfoort, Utrecht, Netherlands
  • Founded year: 1975
  • Headcount: 201-500
  • Number of deals in 2024: 12
  • LinkedIn: oikocredit

Oikocredit is a not-for-profit social investment organization founded in 1975, based in Amersfoort, Utrecht, Netherlands. The organization focuses on providing financial support to organizations in the financial inclusion, agriculture, and renewable energy sectors. Oikocredit aims to enhance the social impact of its partners, particularly those serving low-income communities, by offering loans and equity investments. In the renewable energy sector, Oikocredit has been involved in several significant transactions, including a $9 million credit fund for SolarNow, which aims to deploy off-grid solar systems in Uganda. They also provided $2 million to RDG Collective to distribute solar photovoltaic systems in Zambia, and invested in Solar Panda to expand solar product offerings in Kenya. These transactions highlight Oikocredit's active role in promoting solar energy access and supporting companies that contribute to renewable energy solutions.


9. Eneco Wind Belgium S.A.

  • Website: eneco.com
  • Type: Corporate
  • Headquarters: Wavre, Wallonia, Belgium
  • Founded year: 1995
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: eneco-wind-belgium-s-a-

Eneco Wind Belgium S.A. is an energy company based in Wavre, Wallonia, Belgium, founded in 1995. The company is dedicated to providing sustainable energy solutions, including renewable sources such as wind, solar, and heat, to consumers and businesses. With a strong commitment to achieving climate neutrality by 2035, Eneco engages in various community projects and biodiversity initiatives to facilitate the energy transition and promote sustainable practices. Notably, Eneco has participated in several relevant transactions in the solar sector, including a co-lead investment in Solar Monkey, a startup focused on solar technology, which raised €4 million in growth capital. Additionally, they have been involved in funding rounds for Sunvigo, a solar utility company, indicating their active role in the solar energy market.


10. SHIFT Invest

  • Website: shiftinvest.com
  • Type: Venture Capital
  • Headquarters: Amstelveen, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: shift-invest

SHIFT Invest is a venture capital fund based in Amstelveen, North Holland, Netherlands, founded in 2009. The firm specializes in impact investing, focusing on innovative enterprises that have significant potential for environmental impact. They provide funding and support to early-stage companies across various sectors, including energy transition, smart food & agriculture, and sustainable mobility. Notably, SHIFT Invest participated in a funding round for Solho, a high-tech company in the energy sector that specializes in large solar plants, raising 580,000 euros to accelerate its growth in the Italian market. This investment highlights SHIFT Invest's commitment to supporting renewable energy initiatives. Additionally, they have been involved in other transactions, such as funding Jungle AI, which aims to deploy technology in the renewable energy sector, further demonstrating their interest in sustainable energy solutions.


11. Innovation Industries


Innovation Industries is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. The firm specializes in deep tech investments, focusing on catalyzing growth in technology companies that can transform industries. They provide capital and support to startups in sectors such as industrial tech, med tech, and food & agri tech. Notably, Innovation Industries has participated in funding rounds for companies like SparkNano, which raised funds to contribute to a sustainable energy future, and Cellcius, which is developing heat battery technology. Their recent investment in Battolyser Systems, which raised over $33 million, further emphasizes their commitment to innovative energy solutions. These transactions highlight their potential interest in technologies that could intersect with the solar tracker system industry.


12. Pdenh


Participatiefonds Duurzame Economie Noord-Holland (PDENH) is a not-for-profit organization based in Haarlem, North Holland, founded in 2014. It focuses on promoting sustainable economic development by investing in innovative projects and providing financing and advisory services to companies that contribute to a sustainable and circular economy. PDENH collaborates with various partners to stimulate sustainable business activities in the region. Notably, PDENH has invested in Triple Solar, which raised 10 million in growth capital to expand production capacity and develop energy-efficient products, including a unique heat pump system. This investment, along with their previous funding rounds in companies like Ecorus Engineering and EST-Floattech, highlights their commitment to supporting the renewable energy sector, particularly in solar energy initiatives.



Solar Tracker System Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
European Investment Bank (EIB)Luxembourg1001-5000195899
RockstartAmsterdam, North Holland, Netherlands11-50201116
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
OikocreditAmersfoort, Utrecht, Netherlands201-500197512
Eneco Wind Belgium S.A.Wavre, Wallonia, Belgium1-1019951
SHIFT InvestAmstelveen, North Holland, Netherlands11-5020094
Innovation IndustriesAmsterdam, North Holland, Netherlands11-50201710
PdenhHaarlem, North Holland, Netherlands1-1020142


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