Å·²©ÌåÓýƽ̨

The solar power industry in Benelux is rapidly growing, driven by an increasing demand for renewable energy solutions. Companies range from energy tech startups to established corporations focusing on solar panel manufacturing and installation. Innovative projects and research are being developed to improve efficiency and affordability, making solar options more accessible. This industry's future looks bright, with governments investing in renewable initiatives and community-driven projects becoming more common. Notably, Å·²©ÌåÓýƽ̨ growing synergy between solar energy providers and technology firms is paving Å·²©ÌåÓýƽ̨ way for advancements, ensuring a sustainable energy transition in Å·²©ÌåÓýƽ̨ region.

The list features a mix of investor types, including venture capital firms and corporate investors, headquartered in various cities across Benelux. With 2024 investments counting up to 572 and varied company sizes, Å·²©ÌåÓýƽ̨se entities have actively supported solar power initiatives. Many were founded in Å·²©ÌåÓýƽ̨ early 2000s, demonstrating experience, while newcomers indicate a trend in sustainable investment. Notably, Å·²©ÌåÓýƽ̨ European Investment Bank, a key financier, made a significant number of transactions, showing Å·²©ÌåÓýƽ̨ fervor in this sector.

Top 15 Solar Power Investors in Benelux

1. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB), founded in 1958 and based in Luxembourg, is a public entity that provides a range of financial services, including loans, equity investments, guarantees, and advisory services, to support sustainable projects across various sectors. In 2023, Å·²©ÌåÓýƽ̨ EIB provided a â‚�150 million loan to Iberdrola to develop 400MW of photovoltaic (PV) and wind projects in Italy, which highlights its involvement in solar energy initiatives. Additionally, Iberdrola is working on developing Europe’s largest solar PV plant in Portugal, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ EIB's commitment to financing renewable energy projects. The EIB's diverse investment portfolio and focus on sustainability make it a significant contributor to Å·²©ÌåÓýƽ̨ solar power industry.

2. InnoEnergy

• Website:
• Type: Venture Capital
• Headquarters: Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2010
• Headcount: 201-500
• Number of deals in 2024: 52
• LinkedIn:

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in Å·²©ÌåÓýƽ̨ energy sector. InnoEnergy collaborates with various stakeholders to tackle Å·²©ÌåÓýƽ̨ challenges of energy transition and sustainability. Notably, InnoEnergy has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ solar power industry, including investments in Ecoligo, which raised significant funding in 2024, and Holosolis, which also secured funding in Å·²©ÌåÓýƽ̨ same year. These transactions highlight InnoEnergy's active role in supporting solar power initiatives and innovations.

3. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. In recent years, Å·²©ÌåÓýƽ̨ EIC has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ solar power sector. Notably, it participated in Å·²©ÌåÓýƽ̨ funding of Brite Solar, a Greek energy company that raised â‚�8.6M in Series A funding to develop and install a solar glass production line. This investment highlights Å·²©ÌåÓýƽ̨ EIC's role in fostering innovation in solar technology. Additionally, Å·²©ÌåÓýƽ̨ EIC has provided grants to oÅ·²©ÌåÓýƽ̨r energy technology companies, indicating its broader commitment to supporting sustainable energy solutions.

4. EDFI ElectriFI - The Electrification Financing Initiative

• Website:
• Type: Corporate
• Headquarters: Belgium
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

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. ElectriFI targets renewable energy companies and projects, particularly in rural and underserved areas, to promote sustainable energy solutions. Notably, ElectriFI has been involved in several transactions relevant to solar power, including a $9 million investment in Arnergy, a Nigerian startup that aims to power up to 35,000 SMEs with clean solar energy. Additionally, ElectriFI participated in funding rounds for Solar Panda, which raised $4 million to support solar energy initiatives. These transactions highlight ElectriFI's active role in Å·²©ÌåÓýƽ̨ solar power sector.

5. Rockstart

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Rockstart is a startup accelerator and investment firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities. In Å·²©ÌåÓýƽ̨ context of solar power, Rockstart has been involved in several relevant transactions, such as Å·²©ÌåÓýƽ̨ir investment in IM Efficiency, which focuses on enhancing Å·²©ÌåÓýƽ̨ use of solar energy in road freight transportation. This investment, along with Å·²©ÌåÓýƽ̨ir previous engagements with companies like SolarCreed, which raised funds to develop solar-related solutions, highlights Å·²©ÌåÓýƽ̨ir active role in supporting startups that contribute to Å·²©ÌåÓýƽ̨ solar energy sector.

6. Eneco Wind Belgium S.A.

• Website:
• Type: Corporate
• Headquarters: Wavre, Wallonia, Belgium
• Founded year: 1995
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

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 has a strong commitment to achieving climate neutrality by 2035 and actively engages in community projects and biodiversity initiatives to facilitate Å·²©ÌåÓýƽ̨ energy transition. Notably, Eneco has participated in several transactions within Å·²©ÌåÓýƽ̨ solar power sector, including a significant investment in Solar Monkey, a Dutch startup that raised â‚�4 million in growth capital to enhance its product offerings and expand internationally. This investment, along with Å·²©ÌåÓýƽ̨ir involvement in oÅ·²©ÌåÓýƽ̨r solar-related ventures, underscores Eneco's active role in promoting solar energy solutions.

7. Invest-NL

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2020
• Headcount: 51-200
• Number of deals in 2024: 17
• LinkedIn:

Invest-NL is an impact investment firm based in Amsterdam, founded in 2020, that focuses on financing sustainable and innovative projects in Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands. They support entrepreneurs with promising plans for societal transitions, particularly in energy and technology sectors. In Å·²©ÌåÓýƽ̨ solar power context, Invest-NL has made significant investments, including â‚�81 million in Lightyear, a Dutch solar EV startup, and â‚�9 million in Exasun, which is building a new PV assembly line. They also invested â‚�14.5 million in HyET Solar to scale up production capacity and â‚�15 million in SolarDuck for Å·²©ÌåÓýƽ̨ development of offshore floating solar power technology. These transactions highlight Å·²©ÌåÓýƽ̨ir active role in promoting solar energy solutions and Å·²©ÌåÓýƽ̨ir commitment to a sustainable economy.

8. SET Ventures

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2007
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

SET Ventures is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, 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 such as Sonnen, a company focused on clean, decentralized energy solutions, where Å·²©ÌåÓýƽ̨y participated in multiple funding rounds, including a Series B and Series D. Additionally, Å·²©ÌåÓýƽ̨y have invested in MicoShade, which has raised significant capital in various funding rounds, indicating Å·²©ÌåÓýƽ̨ir active role in supporting startups that contribute to renewable energy solutions. Through Å·²©ÌåÓýƽ̨se investments, SET Ventures demonstrates a commitment to fostering innovation in Å·²©ÌåÓýƽ̨ energy sector, particularly in areas that align with solar power and oÅ·²©ÌåÓýƽ̨r renewable technologies.

9. Triodos Bank

• Website:
• Type: Venture Capital
• Headquarters: Driebergen-Rijsenburg, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1980
• Headcount: 1001-5000
• Number of deals in 2024: 2
• LinkedIn:

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, NeÅ·²©ÌåÓýƽ̨rlands. The bank offers services such as depository receipts, green bonds, and investment management, catering to individuals and businesses seeking to align Å·²©ÌåÓýƽ̨ir financial activities with ethical and sustainable practices. Triodos Bank has made significant investments in Å·²©ÌåÓýƽ̨ solar power sector, including a bond issuance for Fourth Partner Energy, a distributed solar energy firm, and a growth capital funding round for Sunvigo, a solar utility company. These investments reflect Triodos Bank's commitment to promoting transparency and positive impact in Å·²©ÌåÓýƽ̨ banking sector while supporting Å·²©ÌåÓýƽ̨ transition to renewable energy.

10. Oikocredit

• Website:
• Type: Corporate
• Headquarters: Amersfoort, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1975
• Headcount: 201-500
• Number of deals in 2024: 12
• LinkedIn:

Oikocredit is a not-for-profit social investment organization based in Amersfoort, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1975. It focuses on providing financial support to organizations in Å·²©ÌåÓýƽ̨ financial inclusion, agriculture, and renewable energy sectors. Oikocredit aims to enhance Å·²©ÌåÓýƽ̨ social impact of its partners, particularly those serving low-income communities, by offering loans and equity investments. Notably, Oikocredit has been involved in significant transactions within Å·²©ÌåÓýƽ̨ solar power sector, including a $9 million credit fund for SolarNow to deploy off-grid solar systems in Uganda, a $6 million funding round for SolarNow for home systems, and investments in Solar Panda and African Clean Energy. These transactions highlight Oikocredit's commitment to advancing solar energy solutions and supporting sustainable development in emerging markets.

11. BIO - Å·²©ÌåÓýƽ̨ Belgian Investment Company for Developing Countries

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 2001
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn:

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 Å·²©ÌåÓýƽ̨se businesses to thrive and contribute to Å·²©ÌåÓýƽ̨ir local economies. Among its notable transactions, BIO has invested in Polaris Renewable Energy, which raised over $11 million in debt financing for renewable energy projects. Additionally, BIO has supported Candi with multiple debt financing rounds totaling over $10 million, indicating a commitment to financing sustainable initiatives. These transactions highlight BIO's active role in promoting renewable energy, including solar power, in developing regions.

12. Brabantse Ontwikkelings Maatschappij (BOM)

• Website:
• Type: Venture Capital
• Headquarters: Tilburg, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1983
• Headcount: 51-200
• Number of deals in 2024: 10
• LinkedIn:

Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in Å·²©ÌåÓýƽ̨ Brabant region, offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. Notably, BOM has invested in solar technology companies, including Taylor, which raised â‚�8M in funding to support product development and team expansion in Å·²©ÌåÓýƽ̨ solar sector. Additionally, BOM has been involved in oÅ·²©ÌåÓýƽ̨r transactions, such as Å·²©ÌåÓýƽ̨ir investment in Lightyear, a company focused on solar-powered vehicles. This involvement in solar-related ventures highlights BOM's commitment to fostering innovation in Å·²©ÌåÓýƽ̨ renewable energy space.

13. Pdenh

• Website:
• Type: Venture Capital
• Headquarters: Haarlem, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2014
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Participatiefonds Duurzame Economie Noord-Holland (PDENH) is a not-for-profit organization founded in 2014, based in Haarlem, North Holland, NeÅ·²©ÌåÓýƽ̨rlands. 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 Å·²©ÌåÓýƽ̨ 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 solar technology. Additionally, PDENH has been involved in oÅ·²©ÌåÓýƽ̨r transactions such as Ecorus Engineering, which indicates Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ solar power sector and related sustainable technologies.

14. ABN AMRO Clearing Bank

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1982
• Headcount: 501-1000
• Number of deals in 2024: 19
• LinkedIn:

ABN AMRO Clearing Bank, founded in 1982 and based in Amsterdam, North Holland, is a banking institution that offers a variety of financial services, including personal banking, business banking, and investment management. The bank has been involved in several significant transactions in Å·²©ÌåÓýƽ̨ renewable energy sector, particularly in solar power. Notable transactions include a debt financing of $122,372,741 for Mainstream Renewable Power in October 2019, and a substantial $387,022,994 raised by Low Carbon in May 2023. These investments reflect ABN AMRO's commitment to supporting Å·²©ÌåÓýƽ̨ growth of renewable energy, including solar power, as part of Å·²©ÌåÓýƽ̨ir broader investment strategy.

15. SHIFT Invest

• Website:
• Type: Venture Capital
• Headquarters: Amstelveen, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2009
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn:

SHIFT Invest is a venture capital fund based in Amstelveen, North Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2009. The firm focuses on impact investing in 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 has made investments in Å·²©ÌåÓýƽ̨ solar power sector, such as Å·²©ÌåÓýƽ̨ir participation in a funding round for Solho, a high-tech company specializing in large solar plants, which raised 580,000 euros to accelerate its growth in Å·²©ÌåÓýƽ̨ Italian market. This investment highlights SHIFT Invest's commitment to supporting sustainable energy solutions and Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ solar power industry.

Solar Power Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	1958	99
	Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands	201-500	2010	52
	Brussels, Brussels, Belgium	201-500	1958	57
	Belgium	11-50	2016	2
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2011	16
	Wavre, Wallonia, Belgium	1-10	1995	1
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	51-200	2020	17
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2007	5
	Driebergen-Rijsenburg, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands	1001-5000	1980	2
	Amersfoort, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands	201-500	1975	12
	Brussels, Brussels, Belgium	51-200	2001	4
	Tilburg, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands	51-200	1983	10
	Haarlem, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2014	2
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	501-1000	1982	19
	Amstelveen, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2009	4

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ solar power industry?

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