Triodos tops global table as most active lead arranger for financing of renewable energy projects

Triodos Bank has topped the Clean Energy Pipeline Global League Table for number of clean energy deals in 2019, financing 73 deals worth a total $630 million (USD) across Europe. The deals incorporate onshore wind, offshore wind, solar, hydro and energy efficiency projects.

This is the fifth year running that Triodos has topped the league table, released this week by Clean Energy Pipeline, demonstrating the bank’s commitment to volume, rather than simply size, of deals.

Philip Bazin, energy sector lead at Triodos Bank UK, said: “We are proud to have been ranked as ‘Most Active Lead Arranger’ for renewables in Clean Energy Pipeline’s tables for the fifth year running. Our team’s strengths come from our specialist expertise and flexible approach, our product offering and our European reach. We have worked on projects of all different sizes, including smaller or community-level ones that other banks and debt funds may not be prepared to look at.

“2019 might seem like a distant world at the moment, but at Triodos we continue to work to support the sector amid the current challenges. The bulk of the investment needed to finance the energy transition must come from financial institutions such as banks, and it is part of Triodos Bank’s mission and strategy to support this transition to a low carbon, resilient and balanced energy system that is sustainable and fair.”

Notable transactions for the bank in 2019 included the financing of a 10MW battery storage project co-sited and connected to an existing 24MW onshore wind project in the Netherlands; the financing of energy service companies (ESCOs) supplying sustainable cooling and heating in the UK and the Netherlands; a first-of-a-kind financing of a District Heating project via Project Finance in Spain and the development of an innovative financing product for the German rooftop PV market.

Triodos Investment Management, a globally active impact investor and wholly owned subsidiary of Triodos Bank NV, specifically focuses on contributing to the energy transition through its impact investing funds Triodos Groenfonds and Triodos Renewables Europe Fund (see full impact report).

This year, Triodos Bank celebrates 40 years of operating in Europe. It first entered the renewables market in the mid-1980s with a focus on wind energy and has since broadened its focus across the wider renewable and environmental sectors. Triodos continues to develop support for energy storage, grid infrastructure, smart meters and heat networks.

Clean Energy Pipeline is an online daily news and data service. The complete tables can be downloaded here (a subscription is required to view in full).

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