ABN AMRO’s Energy Transition Fund (ETF, Amsterdam, Netherlands), an independent subsidiary of Dutch bank ABN AMRO, recently acquired 34% of the shares in Fiberline Composites A/S (Middlefart, Denmark) a company that manufactures carbon- and glass fiber-pultruded products to strengthen wind blades. With this transaction, Fiberline will have the financial power to expand its activities in the wind sector. Further, to achieve the business plan, a new board of directors with a firm footing in the wind sector will be appointed.
Focused on supporting equity capital in companies and early-stage projects that contribute to a low-carbon future, ABN AMRO reports that investing in Fiberline had been an obvious strategy from the start. It is said that Fiberline has more than tripled its business in the past five years and expects to triple again in the coming five years. It is also the company’s ambition to follow its customers globally — including establishing production facilities on multiple continents — which ABN AMRO’s capital could further enable.
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