ABN Amro invests in solar energy company Eternal Sun.
Eternal Sun Group (ESG) and ABN AMRO Energy Transition Fund (ETF) announced that ABN AMRO ETF has taken a majority stake in the world leading provider of test solutions for the solar industry. Together with Belgian family fund VERMEC and key management a strong shareholder base has been created to fuel expansion.
Eternal Sun, founded in 2011, is an alumnus of Climate-KIC. CEO Eternal Sun Group Florian van Rijn van Alkemade: “We have been able to double in size over the past three years in a very competitive market. With ETF as a new shareholder and VERMEC staying on board we can accelerate our growth, it allows us to increase our presence closer to our main markets, to accelerate new product development and to push our new test services offering.”
Eternal Sun operates through two units: Eternal Sun BV, which aims to provide innovative steady state solar simulation solutions for the R&D and certification market; and Spire Solar LLC, which focuses on the PV module manufacturing segment.
Read the full press release here.