Commitment to Action

ABN AMRO Renewable Energy Fund

Commitment by

ABN AMRO Australia Holdings Pty Limited, Bnp Paribas

In 2007, ABN AMRO committed to to create a renewable energy private equity fund to make major investments in renewable energy and energy efficiency companies. This commitment recognizes the pressing need to promote investments in clean energy as a means to reduce greenhouse gas emissions.
The monetary commitment was originally made by ABN AMRO Asset Management, which has since been acquired by Fortis Investment-which, in turn, has been bought by BNP Paribas Investment Partners. The commitment, under the Clinton Global Initiative, of 50 million Euros into the Fortis Clean Energy Fund has not been formally reconfirmed by BNP Paribas, but the substance has been continued under BNP Paribas Investment Partners. On the back off the initial commitment made by the parent company, the Fortis Clean Energy Fund has been successful in raising further commitments from investors and, to date, 200 million Euros has been raised to invest in European renewable energy projects.

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Overview
Summary

Commitment

ABN AMRO Renewable Energy Fund

Launched

2006

Est. Duration

3 Years

Estimated Total Value

$190,000,000

Region

Latin America & Caribbean

Countries

Global

Commitment by

ABN AMRO Australia Holdings Pty Limited, Bnp Paribas

Partner(s) of the Commitment Maker(s)

Institutional Investor, Inc.