The independent analyst Clean Energy Pipeline has tracked and collated the activity of major financial institutions to create a comprehensive league table of the top clean energy arrangers, focusing on their deal flow in 2022. The reportaims to showcase the top lead arrangers in the clean energy sector, highlighting the number of deals that banks help to finance, as well as the total deal value in the renewable energy project finance sector.
Jacco Minnaar, CCO at Triodos Bank, said: “It has been clear to us for decades that energy systems need to shift from being fossil-based and large scale to clean energy that is accessible and affordable for everyone. Financial institutions such as banks have a critical role to play in committing to this transition to a low-carbon and more energy efficient future.
“Triodos Bank financed the first wind turbine in the Netherlands in 1986 and now has many years of unique experience in renewable energy finance. We provide funding to small and mid-sized projects that are often community-based and that many other banks might not be prepared to look at. These will be critical to creating resilient and balanced energy generation systems that are sustainable and fair.”
The Clean Energy Pipeline analysis included lending and corporate finance from the retail banking arm of Triodos Bank NV, and investments made by Triodos Investment Management. Some notable transactions for the bank in 2022 included the construction of the largest solar thermal park in the Netherlands, community energy and e-bike infrastructure projects in the UK, photovoltaic solar plants in Spain and projects enabling Belgian households to benefit from green energy without having to cover installation costs.
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 Triodos Groenfonds, Triodos Energy Transition Europe Fund and Triodos Emerging Markets Renewable Energy Fund.
Triodos Bank has been operating in Europe for over 40 years. The bank 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 Bank is actively developing support for decentralised and non-mainstream projects such as roof top solar, geothermal, energy storage and energy efficiency.
Triodos Bank has always been an advocate for a fossil fuel-free economy, as laid down in the vision paper ‘Towards a low-carbon economy’. The world needs nothing short of a complete transformation of the energy system that is the foundation of our economies and future sustainable development. At the heart of this transition theme is the urgent need to embrace clean energy sources to make things move, heat up and cool down, reaching all corners of society and the economy.
The ‘Top Clean Energy Lead Arranged Report’ is published by independent analyst Clean Energy Pipeline. The complete tables can be downloaded here (a subscription is required to view in full).
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About Triodos Bank
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. Triodos Bank believes a focus on people and the planet, and a good financial return can go hand in hand. These elements will 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 70 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).
About Clean Energy Pipeline
Founded in 2005, Clean Energy Pipeline is the leading independent source of news, data and analytics for the renewables finance industry. Subscribers to the platform receive access to a real-time data platform covering clean energy finance transactions across every global market, including project finance, M&A, Public Markets, Green Bonds and Venture Capital & Private Equity. Clean Energy Pipeline is owned by Venture Business Research Limited, a UK-based media organisation.