De Lage Landen Launches Clean Technology Financing Business

De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that it has launched a new clean technology financing business focused on the commercial and government space.

“In a time when many financial institutions are being forced to scale back, De Lage Landen is expanding into new ventures,” says Bill Stephenson, chief commercial officer. “The clean technology market represents multiple growth opportunities for our company and is in direct alignment with the overall Rabobank Group’s focus on corporate social responsibility. De Lage Landen’s advancements into new clean technology equipment types are a natural evolution of the Group’s overall strategy.”

Starting in 2010, the clean technology group will launch a solar energy business focused on financing the entire lifecycle of solar projects. Extended terms and working capital finance solutions will be available for the solar distribution channel, as well as debt and equity financing for commercial, industrial and government projects.

To manage this new business, De Lage Landen has hired a team of solar energy finance experts—Ed Sproull, Ann Hardy and Christine Park, all formerly with HSH Nordbank. This team has been at the cutting edge of solar energy finance and brings expertise unmatched in the marketplace.

“We are excited to be members of such a strong organization,” says Sproull, who has been named vice president of sales for the clean technology group. “As part of the Rabobank Group, De Lage Landen has the strength, stability and desire to grow in socially responsible markets, which is a perfect fit for our team. We look forward to establishing De Lage Landen as a leader in solar energy finance and adding value to the company’s existing partnerships.”