With a portfolio including solar, wind, and other renewable technologies, we remain at the forefront of financing the green energy transition. The analysis includes lending and corporate finance projects, as well as investments made by Triodos Investment Management.
The projects we have financed span a diverse range of energy generation and infrastructure initiatives. These include more traditional renewables projects, such as onshore wind, solar panels, and hydro, but also include projects that explore energy storage, such as batteries, or energy-efficiency projects.
Triodos is not the largest financer of clean energy by total value – that would be difficult for a bank of our size – but we are rank most active lead arranger in the world. This demonstrates our commitment to widely distributed energy generation systems rather than simply size of deals. As well as our commitment to never funding any fossil fuels, we continue to expand our portfolio of small and mid-sized clean energy projects, as we provide support where many traditional financiers would not. This includes support for community-owned projects and lobbying for government support in this area.
Some exciting projects Triodos funded last year include:
Aardwarmete Polanen
This geothermal heat project in the Netherlands aims to allow around 50 companies working in the greenhouse horticultural sector to switch from natural gas to sustainable energy sources. The horticultural industry uses a lot of heat to grow vegetables, plants and flowers - geothermal heat works by extracting natural heat from the ground to create a reliable and renewable energy source.
Harmony Energy
Battery storage developer, Harmony Energy, received £10m from Triodos Bank UK to support its expansion across Europe, marking Triodos’ first standalone loan into the energy storage sector in the UK. Energy storage, such as batteries, will form a key part of adapting our energy systems to support the renewable energy transition, since our current grid system cannot store the excess energy generated from renewable sources.
The Solar for Schools Community Benefit Society received a £3 million loan from Triodos Bank UK to help it grow its network of solar-powered schools across the country. The project, which is owned and governed by the schools themselves, helps those schools make savings on energy bills, reduce CO2 emissions and helps local authorities to progress towards their net zero goals.
Triodos Investment Management, specifically focuses on contributing to the energy transition through its Triodos Groenfonds and Triodos Energy Transition Europe Fund. Some highlights from Triodos Investment Management’s new commitments in 2024 are Grid Beyond, expanding integrated storage, EV charging, solar PV solutions in Ireland, and two major repowering projects of wind turbines in the Netherlands.
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