Climate change is becoming increasingly evident in people’s everyday lives: hardly a year goes by without new temperature records being broken. The consequences are already significant – for regions and local authorities, for energy and water supply, for urban development and infrastructure. This makes it all the more important, particularly now, to stay committed to renewable energy and develop sustainable solutions. Nevertheless, it seems as though, in the face of other current crises and developments, the issue has taken a back seat in political discourse.
Savings Bank Dortmund is setting an example in this regard: it is a co-initiator and lead investor in a newly launched institutional fund that invests in renewable energy projects in North Rhine-Westphalia. The fund, named the ‘FP Lux NRW Energy Transition Fund’, was launched in collaboration with the investment firms Re Cap Global Investors and FP Investment Partners. It is specifically designed for savings banks in North Rhine-Westphalia and invests across the entire energy lifecycle, from generation and storage through to end use.