The fund, which focuses on boosting access to solar power across sub-Saharan Africa, was backed by a range of private investors and development finance institutions.
An agreement to provide a €500m counter-guarantee for BNP Paribas adds to a growing list of similar pacts with European banks in support of the wind industry.
The collaboration is aimed at accelerating the move to net zero in the Netherlands, where solar and wind energy has advanced so much, it is entering a new phase, according to ASN Impact and StartGreen.
Creating and expanding markets for goods and services in emerging economies is speeding up progress towards development goals, but more can be done, according to a new discussion paper.
The pension asset manager made the deal on behalf of Dutch healthcare scheme PFWZ, which has allocated €1bn to the energy transition over the next few years.
The new Dutch fund plans to invest in profitable companies in north-western Europe that contribute to sustainability but need growth capital to expand.
The Belgian firm received support from both private and public European investors to back small and medium-sized businesses and scale-ups that focus on lowering greenhouse gas emissions.
The fund has attracted public and private sector investment from Europe and Asia to support innovative firms whose activities help decarbonise the transport sector.
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