ABN AMRO Energy Transition Fund is investing in the German company Ideematec, a manufacturer of solar trackers which are used to move solar panels along with the sun, maximizing yields.

Ideematec is a fast-growing company and will use the investment to improve its capital position and product development and to expand its teams in USA, Asia, North Africa, and the Middle East. Ideematic’s sophisticated solar trackers are used in large-scale solar parks around the world.

ABN AMRO ETF provides equity to companies featuring in the energy transition and that are ready for the next phase in their growth, typically investing between EUR10 million (US$11.2 million) and EUR25 million (US$28 million).