De Lage Landen (DLL) has launched a clean technology group,
which will focus on financing the entire lifecycle of solar
projects in the commercial and government space.
The Dutch lessor will offer extended terms and working capital
finance solutions for the solar distribution channel, as well as
debt and equity financing for commercial, industrial and government
projects.
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Although the business was launched in the US, it will have a
global scope, a spokesperson for DLL confirmed.
“The clean technology market represents multiple growth
opportunities for our company and is in direct alignment with the
overall Rabobank Group focus on corporate social responsibility,”
said Bill Stephenson, chief commercial officer for DLL. “De
Lage Landen’s advancements into new clean technology equipment
types are a natural evolution of the group’s overall strategy.”
To manage the new business, DLL had hired a team of solar energy
finance experts – Ed Sproull, Ann Hardy and Christine Park, all
formerly with HSH Nordbank.
“We look forward to establishing De Lage Landen as a leader in
solar energy finance and adding value to the company’s existing
partnerships,” said Sproull, who has been named vice president of
sales for the new group.
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