Rabobank North America energises future with new energy transition team


Rabobank has recently announced a major expansion of its renewable energy team in North America.

This strategic move includes the addition of senior bankers and the first-ever RaboResearch analysts dedicated to the energy transition, symbolising Rabobank’s commitment to sustainable growth and environmental stewardship in the region.

With two decades of experience in renewable energy, primarily in project finance, Rabobank has consistently demonstrated its leadership in clean energy financing. The expansion of its energy transition team to 30 professionals makes it one of the largest in North America. This team is focused on supporting the bank’s wider growth and sustainability strategy, marking a significant step in Rabobank’s journey towards a more sustainable future.

The new team members include Joshua Dale, appointed as Managing Director and Head of Energy Transition Coverage for North America, and Jon Castaldo, Managing Director for the same division. Both bring extensive experience in the financial sector, with specific expertise in project finance and renewable energy. Nina Fahy joins as Executive Director and Senior Energy Transition Analyst for RaboResearch, while Amit Mathrani takes on the role of Energy Transition Specialist. Their combined expertise in energy markets and consulting will be pivotal in driving Rabobank’s energy transition initiatives forward.

Joshua Dale and Jon Castaldo, with over 20 years of experience each, are well-versed in corporate finance and tax equity, positioning them as key players in developing new financial products for the renewable energy sector. Nina Fahy and Amit Mathrani’s roles in RaboResearch will focus on delivering insightful research on energy markets and advising on public policy and technological impacts on the energy transition.

Rabobank’s significant impact in the renewable energy sector is evident in its track record: a top 10 lender in renewable energy globally, financing 27 gigawatts across various sectors, and a high ESG risk rating. The bank’s strategy is to be a major player in the clean energy market, valued at $1.1 trillion and expected to grow substantially by 2030.

Rabobank’s Head of Project Finance and Energy Transition Strategy in North America, Greg Hutton, stated, “We are creating a center of excellence exclusively focused on financing the energy transition. Accelerating the shift toward cleaner energy sources around the world is a critical component of our growth strategy.”

David Bassett, Head of Rabobank Wholesale Banking North America, added, “We specialize in financing critical economic, environmental and societal transitions—from food to energy—that will help create a more sustainable future. And, in North America, our strategy is clear: To grow the companies that feed and power the world.”

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