This Tuesday 15 July was marked by the official start of the Green Fund, an investment fund set up by the bank Degroof, in association with the companies TPF and Transcor Astra Group. The objective of this Fund is to invest in Renewable Energies in Belgium, France, Spain, Portugal and in Luxembourg. This concerns in particular projects related to wind energy, sun energy, biomass, hydro-electricity and photo Voltaic.
The current collected amount, which must be invested in projects, is more than 45 MEUR. Intention is, however, that this amount increases to 50 MEUR.
TPF was designated, in collaboration with Transcor, as Investment manager of the Fund; i.e. the entity which has to collect and to select the projects in which the Green Fund will invest.
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