The renewable energy industry in Benelux is advancing rapidly, fueled by innovation and a strong commitment to sustainability. Companies are actively developing solar, wind, and biomass technologies to meet growing energy needs. This industry not only focuses on energy production but also on smart grid technologies, energy storage, and efficiency solutions. With increasing investments aimed at climate neutrality, the region is seen as a hub for green technologies. The shift toward renewable sources aims to decrease dependence on fossil fuels, with significant potential for job creation and economic growth in the process.


The list includes a mix of venture capital, corporate, and private equity investors headquartered across the Netherlands, Belgium, and Luxembourg. They range from small firms with under 10 employees to large organizations boasting over 500. Founded between 1958 and 2020, these investors completed a total of 205 deals in 2024. With a focus on lightweight, innovative solutions, firms like InnoEnergy and EDFI ElectriFI stand out by investing in projects driving significant social impact and environmental sustainability.


Top 19 Renewable Energy Investors in Benelux


1. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB focuses on supporting sustainable projects across various sectors, with a strong emphasis on promoting growth and job creation. In recent years, EIB has been involved in significant transactions within the renewable energy sector, such as providing a €150 million loan to Iberdrola for the development of 400MW of photovoltaic and wind projects in Italy. Additionally, EIB has participated in debt financing for major players like Ørsted and Iberdrola, which are key contributors to renewable energy development. These transactions highlight EIB's active role in financing initiatives that promote renewable energy and sustainability.


2. 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, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Among its notable transactions, the EIC has funded several companies in the renewable energy space, such as Nova Innovation, which raised $2,833,449 in a grant on December 16, 2021, and Plant e, which secured $2,998,100 in a grant on June 16, 2021. Additionally, the EIC supported Kitemill with a grant of $2,661,934 on August 21, 2019, further emphasizing its commitment to advancing renewable energy technologies. These transactions highlight the EIC's active role in promoting innovation within the renewable energy sector.


3. 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, that focuses on accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, providing training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle the challenges of energy transition and sustainability. Notably, InnoEnergy has been involved in significant transactions within the renewable energy space, such as investing in Ecoligo, which raised over $11.9 million in 2024, and CorPower Ocean, which raised substantial funds in multiple rounds, including $34.7 million in a Series B round in 2024. These investments highlight InnoEnergy's active role in promoting renewable energy technologies and solutions.


4. EDFI ElectriFI - The Electrification Financing Initiative


EDFI ElectriFI - The Electrification Financing Initiative is a not-for-profit impact investment facility based in Belgium, founded in 2016. It focuses on financing renewable energy projects in developing countries, providing both equity and debt financing along with technical assistance to enhance access to clean energy. The organization targets renewable energy companies and projects, particularly in rural and underserved areas, to help them achieve sustainable energy solutions. Notable transactions include a $6 million debt financing for Husk Power Systems to build solar hybrid microgrids in India, benefiting 60,000 people, and participation in a $9 million investment round for Arnergy, a Nigerian startup aimed at powering SMEs with clean solar energy. These transactions highlight ElectriFI's commitment to supporting renewable energy initiatives.


5. 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. Notably, Rockstart has made significant investments in the renewable energy sector, including SolarCreed, which raised $110,000 in a Pre-Seed round in 2017, and Hydrologiq, which raised $890,926 in a Pre-Seed round in 2022. These transactions highlight Rockstart's active role in supporting innovative solutions in renewable energy, reinforcing their commitment to driving positive change through purpose-driven entrepreneurship.


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, Netherlands, founded in 2020. The firm focuses on financing sustainable and innovative projects that contribute to societal transitions, particularly in the energy and technology sectors. They mobilize capital from various sources to make impactful investments aimed at fostering a more sustainable economy. Notably, Invest-NL has participated in several significant transactions in the renewable energy space, including: 1) Lightyear, a Dutch solar EV startup, which raised €81 million to support the production of solar cars; 2) SolarDuck, which secured €15 million for the development of offshore floating solar power technology; 3) AquaBattery, which received €6 million to develop a sustainable energy storage solution; and 4) HyET Solar, which received €14.5 million in venture debt to scale up solar production capacity. These investments highlight Invest-NL's commitment to advancing renewable energy solutions.


7. 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 a corporate investor based in Wavre, Wallonia, Belgium, founded in 1995. The company is dedicated to providing sustainable energy solutions, focusing on renewable sources such as wind, solar, and heat for both consumers and businesses. Eneco aims for climate neutrality by 2035 and engages in community projects and biodiversity initiatives to facilitate the energy transition. Notable transactions include the financing of the 370 MW Norther offshore wind farm, which involved a total project investment of EUR 1.2 billion, and the acquisition of a minority stake in Next Kraftwerke, a leading virtual power plant operator in Europe. Additionally, Eneco acquired Nordgröön, a green energy direct marketer, and fully acquired Suniverse to enhance home sustainability solutions, further solidifying its commitment to renewable energy.


8. Triton Partners


Triton Partners is a private equity firm founded in 1997, based in Luxembourg, specializing in private equity and credit investments in European mid-market businesses. The firm focuses on sectors such as Business Services, Industrial Tech, and Healthcare, providing operational expertise and capital to help companies unlock their full potential. Notably, Triton has made significant strides in the renewable energy context through its acquisition of Siemens Energy's Trench business, a leader in high-voltage grid components, which plays a vital role in energy infrastructure. Additionally, their acquisition of FairWind A/S indicates their interest in companies that contribute to the wind energy sector. These transactions highlight Triton's strategic approach to investing in sectors that support the growth of renewable energy, alongside their broader investment strategy.


9. SET Ventures

  • Website: setventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: setventures

SET Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2007. The firm is dedicated to advancing a carbon-free energy system by investing in innovative energy technologies and supporting energy entrepreneurs with both capital and insights. Their investment portfolio includes notable transactions in the renewable energy sector, such as their involvement with Sonnen, a company that has raised significant capital to promote a clean and decentralized energy future. Additionally, SET Ventures has invested in General Fusion, which is pioneering fusion energy technology, representing a cutting-edge approach to renewable energy. Their focus on startups in the energy sector that aim to reduce carbon emissions positions them as a key player in the renewable energy investment landscape.


10. 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 the renewable energy sector, evidenced by its transactions such as providing debt financing to Powergen Renewable Energy and participating in a bond issuance for Fourth Partner Energy, a distributed solar energy firm. Additionally, Triodos Bank UK extended a credit facility to Harmony Energy, marking its first standalone loan to the energy storage sector in the UK. These transactions highlight Triodos Bank's commitment to supporting renewable energy projects and promoting sustainability across Europe.


11. BIO - the Belgian Investment Company for Developing Countries


The Belgian Investment Company for Developing Countries (BIO) is a not-for-profit organization established in 2001, based in Brussels, Belgium. BIO focuses on providing investment support and development financing to private sector companies in developing countries, aiming to empower these businesses to thrive and contribute to their local economies. Among their notable transactions, BIO has invested in several companies within the renewable energy sector, including Polaris Renewable Energy, which raised over $11 million in debt financing in 2010, and Tozzi Green S.P.A., which received multiple rounds of funding, including a significant debt financing of approximately $4.1 million in 2019. These investments highlight BIO's commitment to fostering sustainable development through renewable energy initiatives, aligning with their mission to facilitate access to growth resources in developing regions.


12. 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 based in Amersfoort, Utrecht, Netherlands, founded in 1975. It 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. In the renewable energy context, Oikocredit has been involved in several significant transactions, including a debt financing deal with Powergen Renewable Energy, and a $9 million credit fund for SolarNow, which aims to deploy off-grid solar systems in Uganda. Additionally, Oikocredit provided $2 million to RDG Collective to support the distribution of solar photovoltaic systems in Zambia, further emphasizing its commitment to renewable energy investments that benefit low-income populations.


13. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management, CVC serves over 1000 clients, including pension funds and institutional investors. The firm has made notable investments in the renewable energy sector, including the acquisition of Naturgy in 2016, which is heavily involved in renewable energy projects. In 2015, CVC acquired PKP Energetyka, a company that plays a crucial role in energy distribution. More recently, in 2022, CVC acquired a 50% stake in Gridspertise, a company focused on smart grid technologies that facilitate the integration of renewable energy sources into the energy grid. These strategic investments highlight CVC's commitment to delivering sustainable value and growth through its involvement in the renewable energy industry.


14. Brabantse Ontwikkelings Maatschappij (BOM)


Brabantse Ontwikkelings Maatschappij (BOM) is a development agency based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM focuses on supporting startups and scale-ups in the Brabant region by providing funding, expertise, and networking opportunities to enhance business growth. They have a particular emphasis on innovation in sustainable food and energy sectors. Notably, BOM has been involved in several transactions relevant to renewable energy, including a significant investment in Lightyear, a company that raised over $16 million to develop solar-powered vehicles. They also participated in funding rounds for Wocozon, a company focused on sustainable energy solutions, and Cellcius, which is developing heat battery technology. In 2024, BOM invested in Taylor, a Dutch solar tech startup that raised €8 million for product development and team expansion. These transactions highlight BOM's active role in fostering innovation and growth in the renewable energy industry.


15. 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 new energy-efficient products, including a unique heat pump system. This investment highlights PDENH's commitment to supporting renewable energy initiatives. Additionally, they have been involved in other transactions such as Ecorus Engineering and Volgroen, further emphasizing their focus on sustainable and renewable energy solutions.


16. ABN AMRO Clearing Bank

  • Website: abnamro.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1982
  • Headcount: 501-1000
  • Number of deals in 2024: 19
  • LinkedIn: abn-amro-clearing-bank-n-v-

ABN AMRO Clearing Bank, founded in 1982 and based in Amsterdam, North Holland, is a banking institution that provides a wide range of financial services, including personal banking, business banking, and investment management. As a venture capital investor, they have been actively involved in the renewable energy sector, evidenced by their participation in several notable transactions. For instance, they provided debt financing to Mainstream Renewable Power, which raised over $122 million in 2019, and to Low Carbon, which secured approximately $387 million in 2023. Additionally, they supported BNZ Energy with a substantial debt financing of over $740 million in 2024, and Verkor, which raised around $1.41 billion in the same year. These transactions highlight ABN AMRO Clearing Bank's role in facilitating the growth of renewable energy companies, showcasing their commitment to this sector while also serving a broader investment strategy.


17. 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 focuses on impact investing in innovative enterprises with significant environmental impact potential. They provide funding and support to early-stage companies across various sectors, including energy transition, smart food & agriculture, and sustainable mobility. Notably, SHIFT Invest has participated in several relevant transactions in the renewable energy sector, such as investing in Solho, a company specializing in large solar plants, and C1 Connections BV, which develops fasteners for offshore wind farms. Their investment in Magneto, which offers sustainable cooling solutions, further emphasizes their commitment to supporting environmentally friendly technologies. Through these investments, SHIFT Invest aims to contribute to sustainability by helping entrepreneurs scale their businesses effectively.


18. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Notably, they have made significant investments in the renewable energy sector, including a $65 million investment in General Fusion, a company focused on fusion energy technology. Additionally, Gimv participated in funding rounds for McPhy Energy, which specializes in hydrogen storage technology, contributing to its global expansion and commercialization efforts. They also invested in Lampiris, an energy supplier, further demonstrating their engagement in the renewable energy landscape. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges, making them a versatile investor in both traditional and renewable energy sectors.


19. Rubio Impact Ventures


Rubio Impact Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2014. The firm specializes in impact investing, providing growth capital and strategic support to entrepreneurs tackling significant social and environmental challenges. Their investment areas include clean energy, mental health, and education, with a strong emphasis on collaboration and partnership with portfolio companies. Notably, Rubio Impact Ventures has participated in several transactions relevant to the renewable energy sector, including a Series C investment in Amber Electric, which raised over $19 million, and multiple funding rounds for Sympower, a clean energy system provider that raised significant capital to expand its services across Europe. These transactions highlight Rubio's active role in supporting innovative solutions in the clean energy space.



Renewable Energy Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Investment Bank (EIB)Luxembourg1001-5000195899
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
EDFI ElectriFI - The Electrification Financing InitiativeBelgium11-5020162
RockstartAmsterdam, North Holland, Netherlands11-50201116
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
Eneco Wind Belgium S.A.Wavre, Wallonia, Belgium1-1019951
Triton PartnersLuxembourg201-50019976
SET VenturesAmsterdam, North Holland, Netherlands11-5020075
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
BIO - the Belgian Investment Company for Developing CountriesBrussels, Brussels, Belgium51-20020014
OikocreditAmersfoort, Utrecht, Netherlands201-500197512
CvcLuxembourg1001-5000200516
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
PdenhHaarlem, North Holland, Netherlands1-1020142
ABN AMRO Clearing BankAmsterdam, North Holland, Netherlands501-1000198219
SHIFT InvestAmstelveen, North Holland, Netherlands11-5020094
GimvAntwerp, Flanders, Belgium51-20019808
Rubio Impact VenturesAmsterdam, North Holland, Netherlands1-10201413


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