Energiefonds Overijssel

What Energiefonds Overijssel does

Energiefonds Overijssel is a regional energy investment fund established in 2012 by the Province of Overijssel in the Netherlands, operated through two legal entities (Energiefonds Overijssel I B.V. and Energiefonds Overijssel II B.V.) and managed by StartGreen Capital. Self-described as the first and largest regional energy fund in the country, it finances renewable energy generation (solar, wind, biomass, geothermal), energy storage and infrastructure, and energy-saving measures across Overijssel's 12 municipalities, with a stated provincial target of energy neutrality by 2050. The fund combines a financial return objective with a binding social-impact mandate: employment creation in Overijssel is a formal financing criterion alongside energy impact, and it operates under the Implementation Decision on Subsidy of the Province of Overijssel.

The fund deploys three core instruments — loans (from €1M; €500K for duplicable solar projects), equity participations (from €100K, typically minority stakes or convertible loans), and guarantees (from €1M, up to 80% of underlying commercial bank loans) — at subsidised interest rates targeting projects with payback periods exceeding three years. These are supplemented by three specialised facilities: LEI-F (Lokale Energie Initiatieven Faciliteit) development financing for local energy cooperatives with indicative rates of 3.5%–5.0%, Energiekansen-leningen for decarbonisation of social real estate accessed through an online portal, and the VEIO (Versneller Energie Innovaties Overijssel) accelerator programme run jointly with Oost NL for early-stage energy innovation. Customer segments include housing corporations, local energy cooperatives, SMEs, and innovative energy enterprises at TRL 4+. Capital was reinforced in November 2022 by an approximately €51 million European Investment Bank facility.

Revenue is generated through interest income on the loan portfolio, capital returns on equity participations, guarantee fees, and management fees paid to StartGreen Capital. Distribution is primarily direct, enterprise field sales for transactions above €1 million, with a self-service online portal for smaller Energiekansen-leningen. Customer relationships are concentrated in Overijssel and originate through the fund's network of housing corporations, cooperatives, municipal authorities, and regional partners (Oost NL, Cogas, Gasunie New Energy, Zonneplan, Blauwvinger Energie).

Name

Energiefonds Overijssel

Legal name

Energiefonds Overijssel I B.V. en Energiefonds Overijssel II B.V.

Website

https://energiefondsoverijssel.nl

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Energiefonds Overijssel is a Dutch provincial energy investment fund, established in 2012 by the Province of Overijssel and managed by StartGreen Capital, providing loans, equity, and guarantees to finance renewable energy generation, storage, and decarbonisation projects across the province's 12 municipalities.

Ownership category

akta.pro rank

Product category

Sustainable Energy Finance

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Lessors (6172)

akta.pro primary industry

Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)

akta.pro secondary industries

Renewable Energy & Energy Transition Funds (FSANAJAB), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Sustainable energy finance
• Regional development fund
• Renewable energy loans
• Green investment financing
• Energy transition funding

Headquarters

HQ city

Zwolle

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Interest Income on Loans: The fund provides (subordinated) loans starting from €1,000,000 for loans/guarantees (or €500,000 for duplicable solar projects) with low (subsidised) interest rates. Revenue is generated through interest payments on the loan portfolio over the life of each financing.
2. Equity Participation Returns: The fund takes equity stakes (aandelenkapitaal) or convertibile loans in innovative enterprises from €100,000, typically as a minority shareholder. Revenue is generated through capital gains when equity is exited.
3. Guarantee Fees: The fund issues guarantees for commercial bank loans, covering up to 80% of the loan, with a low guarantee fee charged to the borrower. Guarantees start from €1,000,000 with a maximum coverage of 80% of the underlying loan.
4. Fund Management Fees (StartGreen Capital): Energiefonds Overijssel is managed by StartGreen Capital as fund manager. The fund receives an annual management fee and performance fees as standard for a regional energy investment fund, funded from the provincial capital base.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Energiefonds Overijssel is a provincial regional energy fund that provides financing to enterprises, housing corporations, energy cooperatives, and entrepreneurs for sustainable energy projects in the Province of Overijssel, Netherlands. The fund offers three core financing instruments — subordinated loans from €1,000,000, equity participations from €100,000, and guarantees covering up to 80% of commercial bank loans from €1,000,000 — supplemented by specialised facilities (LEI-F for cooperative wind projects, Energiekansen-leningen for social real estate, and VEIO for energy innovation) targeting renewable energy generation, energy storage, energy-saving measures, and innovative clean energy technologies.

Product overview

Energiefonds Overijssel is a regional energy fund offering a portfolio of financing instruments for sustainable energy projects in Overijssel province. The core products consist of three financing forms: Participatie (equity participation with share capital or convertible loans), Lening (subordinated loans from €1,000,000), and Garantie (guarantees up to 80% of loans from €1,000,000). These are complemented by specialized facilities including the LEI-F for local energy cooperatives' wind project development, Energiekansen-leningen for social real estate and small energy projects accessible via an online portal, and VEIO for accelerating innovative energy technologies to market. The fund targets renewable energy generation (solar, wind, biomassa, geothermal), energy storage and infrastructure, and energy-saving measures.

Differentiator

Problem solved

Functional benefit

Products and services

• Participatie (Equity Participation) Risk capital provided in the form of share capital (aandelenkapitaal) or convertible loans, typically as a minority stake, to innovative clean energy technology companies and renewable energy project developers. Minimum ticket size of €100,000.
• Lening (Subordinated Loan) Subordinated loans from €1,000,000 (or €500,000 for duplicable solar projects) for sustainable energy projects with repayment periods exceeding three years, featuring low subsidised interest rates. Terms are negotiated on a per-project basis.
• Garantie (Guarantee) Guarantees for commercial bank loans from €1,000,000, covering up to 80% of the underlying loan, with low guarantee fees charged to the borrower and maturities matching the project duration.
• LEI-F (Lokale Energie Initiatieven Faciliteit) Convertible loan facility providing development financing for local energy cooperatives undertaking wind (and solar) projects. Indicative interest rate of 3.5%-5.0% with a 1.0% arrangement fee on principal; covers up to 80% of required funds with a 20% minimum own contribution.
• Energiekansen-leningen Accessible financing facility for decarbonisation of social real estate (schools, sports facilities, care centres) and small sustainable energy or energy-saving projects, applied for through a self-service online portal.
• VEIO (Versneller Energie Innovaties Overijssel) Accelerator programme for energy innovation entrepreneurs, providing expertise, network access, and risk capital (minority equity stakes) to help bring innovative energy products, concepts, and services to market. Jointly operated with Oost NL.

Quantifiable outcome

• Projects co-financed by the fund have generated employment ranging from 0.5 to 80 FTE per project, with many housing corporation projects creating 10–36 person-years of temporary work.
• +3 more outcomes

Named customers20 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Oost NLcoreStrategic or Co-development PartnerEnergiefonds Overijssel and Oost NL (the development agency for East Netherlands) jointly operate the VEIO (Versneller Energie Innovaties Overijssel) programme. Oost NL provides investment management expertise and network access for energy innovators, while Energiefonds Overijssel provides financing. Jeroen Gierveld is Investment Manager Energy at Oost NL involved in the programme.
• Biogasnetwerk Twente B.V. (Cogas / Gasunie New Energy)minorStrategic or Co-development PartnerBiogasnetwerk Twente B.V. is a joint venture between Gasunie New Energy and Cogas developing a 7.5 km biogas pipeline and upgrading installation. The fund provided a 12-year loan of nearly €2 million to this project. Cogas is also involved in the Bio KKP project.
• Blauwvinger EnergieminorStrategic or Co-development PartnerEnergiefonds Overijssel co-invested with Blauwvinger Energie (a local energy cooperative) and a private investor to acquire shares in the Bomhofsplas floating solar park project from GroenLeven. Blauwvinger Energie distributes the solar park's electricity directly to Zwolle households and businesses.
• CogasminorStrategic or Co-development PartnerCogas (a regional grid operator) partnered with Gasunie New Energy to create Biogasnetwerk Twente B.V., and is also involved in the Bio KKP project as a technology partner (via subsidiary Heatplus). The fund provided financing to multiple Cogas-related projects.
• Gasunie New EnergyminorStrategic or Co-development PartnerGasunie New Energy partnered with Cogas to create Biogasnetwerk Twente B.V. for developing biogas pipeline infrastructure in Twente. The fund provided financing for this infrastructure project.
• BeGreen OverijsselminorStrategic or Co-development PartnerBeGreen Overijssel is a special-purpose vehicle jointly established by Energiefonds Overijssel and other partners (Yilkins Drying Solutions, BKgroen) to develop wood-fired combustion installations for local heat supply in Overijssel. The fund provided €0.5 million in equity for two initial projects.
• Escozon and EelerwoudeminorImplementation/ SI/ Consulting PartnerFor the Energie Salland West BV project, Escozon and Eelerwoude provide advisory and implementation support to the young cooperative organisation, alongside the fund's own active role.
• GroenLevenminorStrategic or Co-development PartnerGroenLeven (Green Energy Storage / a solar developer) built the Bomhofsplas floating solar park in partnership with Blauwvinger Energie. Energiefonds Overijssel acquired the project's shares from GroenLeven as part of its investment strategy.
• GreenchoiceminorChannel Partner/ Reseller/ DistributorGreenchoice, in cooperation with Blauwvinger Energie, distributes the electricity generated by the Bomhofsplas floating solar park directly to Zwolle households and businesses.
• Scholt EnergyminorChannel Partner/ Reseller/ DistributorScholt Energy is the off-taker for electricity produced by Agro-Energie Hardenberg's expanded co-digester installation. The fund financed the expansion of the project with three additional bio-digesters.
• Provincie Overijssel (subsidieregeling)coreOthersThe fund operates under the subsidieregeling (subsidy regulation) of the Province of Overijssel, which provides detailed guidelines for loans, guarantees, and the criteria they must meet. The regulation is published at lokaleregelgeving.overheid.nl/CVDR719097.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Triodos Bank: Triodos Bank is a Dutch sustainable bank financing renewable energy, energy efficiency, and organic farming across Europe. It is a commercial bank rather than a fund, but its lending activity in Dutch renewable projects overlaps with Energiefonds Overijssel's target market.
• Invest-NL: Invest-NL is the Dutch national impact investor backed by the Ministry of Finance, financing sustainable, innovative, and growth-stage Dutch companies. It operates with a broader sector mandate but directly competes for Dutch energy transition deals at national scale.
• Rijksdienst voor Ondernemend Nederland (RVO): RVO is the Dutch enterprise agency that administers national energy subsidies (SDE++, ISDE, etc.) and innovation programs. It is not a fund manager but is the primary government channel for energy transition financing that overlaps with Energiefonds Overijssel's beneficiaries.
• European Investment Bank (EIB): The EIB is a documented €50.9M investor into Energiefonds Overijssel and the EU's primary climate-finance institution. It operates at EU scale with broader sector coverage but shares the same climate/sustainable infrastructure investment mandate and concessional-rate philosophy.

Regional players

• KfW Bankengruppe: KfW is Germany's state-owned development bank running national and regional renewable energy, energy efficiency, and climate financing programs. It mirrors Energiefonds Overijssel's patient-capital model but at German federal and state level; relevant as a European peer operating under a similar public-bank mandate.

Direct peers

• Klimaatfonds Nederland: Klimaatfonds Nederland is a Dutch climate fund investing in renewable energy and emission-reducing projects; Energiefonds Overijssel is even documented as providing financing to a Klimaatfonds Nederland vehicle (Solar EP III B.V.). They are the closest Dutch peer with overlapping renewable energy investment thesis.
• StartGreen Capital: StartGreen Capital is the fund manager of Energiefonds Overijssel and also runs other Dutch sustainable/energy funds. It shares the same team, operational platform, and investment approach, making it a sister entity rather than a competitor.
• Nationaal Groenfonds: Nationaal Groenfonds is the Dutch national green fund that finances nature, landscape, and sustainable area development. It operates an analogous public-backed fund model financing green projects at lower-than-market rates, directly comparable to Energiefonds Overijssel's provincial mandate but at national scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/energiefonds-overijssel

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments13 records

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Frequently asked questions about Energiefonds Overijssel