Triodos Bank has topped a global league table for most clean energy deals executed by a bank, after financing more than $433m 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 NV 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.