22 July 2021: Triodos has topped a global league table for most clean energy deals executed by a bank, after financing more than $433 million (USD) in 2020. With a total of 69 deals across Europe, Triodos took the title of ‘Most Active Lead Arranger’, incorporating traditional renewables such as onshore wind, solar and hydro, alongside EV charging, battery storage and energy efficiency projects.
This is the sixth year running that Triodos Bank has topped the league table, published by independent analyst Clean Energy Pipeline, incorporating lending from Triodos Bank UK Ltd, Triodos Bank N.V. and investments made by Triodos Investment Management.
Gwyn Rhodes, head of business banking at Triodos Bank UK, said: "We believe that financial institutions such as banks have a critical role to play in financing the transition to a low-carbon future. As well as not funding any fossil fuels, we continue to explore innovative ways to positively invest to address the climate emergency. To be ranked most active lead arranger in the world demonstrates our commitment to widely distributed energy generation systems rather than simply size of deals. Amid the challenges of 2020 we continued to work hard to support the clean energy sector – particularly at a community level – building on our specialist expertise, flexible approach and European reach.”
Notable transactions for the bank in 2020 included the financing of Belgium’s largest battery energy storage system; funding a community hydropower scheme in Scotland; innovative finance for EV charging infrastructure in the Netherlands and continued support for solar PV projects in Spain.
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).
Triodos Bank has been operating in Europe for over 40 years and renewable energy is the Group’s largest portfolio. 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 is actively developing support for decentralised and non-mainstream projects such as roof top solar, geothermal, energy storage and energy efficiency.
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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About Triodos Bank NV
Founded in 1980, Triodos Bank has become a frontrunner in sustainable banking globally. Triodos Bank is an independent bank that promotes responsible and transparent banking. It does not see any conflict between a focus on people and the planet and a good financial return. Instead it believes that they reinforce each other in the long-term.
Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain and Germany, as well as Investment Management activities based in the Netherlands but active globally. Triodos Bank co-founded the Global Alliance for Banking on Values, a network of 64 sustainable banks. Together these banks want to grow sustainable banking and its impact on the real economy substantially.
Triodos Bank N.V. has a full banking licence and is registered with De Nederlandsche Bank N.V. (the Dutch central bank) and the Autoriteit Financiële Markten (the Dutch Authority for the Financial Markets).
Most recent company information is available on Triodos Bank’s website: www.triodos.com
About Clean Energy Pipeline
Clean Energy Pipeline, the online daily news and data service, is the leading independent source of news, data and analytics about the Clean Energy sector. The news team delivers real-time business news and identifies the latest and most relevant regulatory and policy announcements, investment, M&A and project finance news, new funds and fund closes. This news is supplemented with opinion-pieces based on in-depth interviews with senior-level executives, advisers, investors and policymakers.