Funding

[Funding alert] Dutch Renewable Energy Investor Return Raises Second €100M Growth Equity Investment

Dec 8, 2023 | By Startup Rise EU

Dutch Renewable Energy Investor Return Raises Second €100M Growth Equity Investment. Through both new investments and its current portfolio firms, the company focuses on driving the development of many gigawatts of solar and energy storage capacity in Europe.

Dutch Renewable Energy Investor Return Raises Second €100M Growth Equity Investment. Through both new investments and its current portfolio firms, the company focuses on driving the development of many gigawatts of solar and energy storage capacity in Europe.

The company made recent investments in SemperPower, a utility-scale energy storage developer; in Zeeland, Lion Storage is a developer of a 350 MW energy storage project; and in concrete projects around the Netherlands, it has a pipeline of over 500 MW.

Read also - Ladder Secures $12 Mn in Series A Round led by Tapestry VC and LivWell Ventures

The extra €100 million in investment will primarily go towards developing energy storage technologies. Return is now formally joining the German and Belgian markets after operating in Spain and the Netherlands.

Xeno Grimmelt, Founder and Partner at Hartenlust Group, shared: “We are exceptionally pleased with this investment in Return. Our past collaboration with the Return team has been very positive, and we have great confidence in their capabilities. This investment represents a strategic blend of project development, infrastructure, and energy transition opportunities, aligning perfectly with our vision for sustainable and impactful ventures.”

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Willem-Jan Schutte, CEO at Return, says: “We are grateful for the trust and support extended by our investors. This second €100 million investment marks a significant milestone for Return, and we are excited about the opportunities this brings. We are fully committed to accelerating the energy transition by developing assets and supporting European entrepreneurial teams. With the group of investors now involved in Return we anticipate great achievements together.”

About Return

Return is a platform for energy transition investing and building. The entire globe must alter its business practices in order to bring back the Earth to its natural state. Return collaborates with creative business owners in the production, delivery, and storage of sustainable energy to help them expand more quickly and complete more renewable projects.

Read also - MaintainX Secures $50 Mn Funding led by Bain Capital Ventures

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