The Clean Energy Pipeline report underscores Triodos Bank's substantial investments in renewable energy projects. With a portfolio encompassing solar, wind, and other renewable technologies, Triodos remains at the forefront of financing the energy transition.
The projects financed by Triodos Bank spanned a diverse array of clean energy generation and infrastructure initiatives, including traditional renewables such as onshore wind, solar, and hydro, as well as battery storage, low-carbon transport, and energy efficiency projects.
Clean Energy Pipeline’s ranking system offers a comprehensive evaluation of institutions engaged in the renewable energy sector. It tracks and compiles the annual activities of major financial institutions to create a detailed league table of the top clean energy arrangers, focusing on their deal flow in 2024.
Jacco Minnaar, Chief Commercial Officer at Triodos Bank, stated: "The ranking underscores our strategic commitment to advancing the energy transition, cut carbon emissions and mitigate climate change. In 2024, Triodos Bank expanded its portfolio of small and mid-sized clean energy projects, focusing on providing funding for new technologies. We are also backing social innovation such as new models of energy ownership, which is vital for constructing a more resilient and decentralised energy system. In a challenging sustainable energy market, we demonstrated that Triodos Bank will continue to step in where many traditional financiers hesitate."
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. Notable transactions for the bank in 2024 included the financing of geothermal project Aardwarmte Polanen, which utilises deep geothermal heat to replace natural gas in the Netherlands, and funding battery storage developer Harmony Energy and supporting Solar for Schools in the United Kingdom.
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 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, and solar PV solutions in Ireland and two major repowering projects of wind turbines in Willem-Annapolder II and Jacobahaven in the Netherlands.
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About Triodos Bank
Founded in 1980, Triodos Bank is a frontrunner in impact finance. As an independent, mission-driven bank, Triodos Bank uses money consciously to create positive change, demonstrating that caring for people and planet goes hand in hand with healthy financial returns.
Triodos Bank is the only B-Corp certified bank listed on Euronext Amsterdam. The bank operates in the Netherlands, Belgium, the UK, Spain and Germany, with Investment Management activities based in the Netherlands and active globally.
Triodos Bank co-founded the Global Alliance for Banking on Values, a network of 70 sustainable banks worldwide. Together these banks work on growing a financial system that supports the real economy and delivers lasting social and environmental impact.
Triodos Bank 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
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