The influence score is a new ranking by Clean Energy Pipeline, a leading independent source of news, data and analytics for the renewable energy industry, and combines the total value of clean energy project finance with the number of transactions. Deal value and count cover the main renewable energy generation and storage technologies, including solar PV, onshore wind, offshore wind, and battery energy storage systems.
Next phase of the energy transition
Earlier this year, Triodos Bank launched a renewed energy vision, recognising that, apart from replacing fossil fuels with renewables, the next phase of the energy transition must also address rising energy demand, use of scarce materials, grid resilience and social fairness. Therefore, the bank prioritises financing of energy storage, local electricity grids, energy efficiency and circular supply chains.
A good example of Triodos Bank’s recent clean energy deals is the financing of LEAP24, a rapidly growing provider of fast-charging stations for commercial electric vehicles, operating in both the UK and the Netherlands. In Spain, Triodos Bank and the Catalan Finance Institute provided €22 million in financing to Estabanell for a portfolio of solar photovoltaic projects with a total capacity of 62.8 MWp. And in Belgium, Triodos Bank is one of the financiers of two large battery parks announced in June through its client Storm, adding a total of 300 MW of controllable battery capacity.
Small and mid-sized clean energy projects
Besides large deals, the bank is also strongly positioned in small and mid-sized clean energy projects that are often community-based and may be overlooked by other banks. This expertise is also reflected in the activities of Triodos Investment Management, a globally active impact investor and wholly owned subsidiary of Triodos Bank NV. In Europe, Triodos Investment Management has a strong renewable energy infrastructure debt capability. This includes managing an energy infrastructure debt mandate for a large Dutch pension fund, focused on renewable energy assets, as well as financing innovative solutions through its energy and climate funds, for instance in Battery Energy Storage Systems, like Bluefield Storage Development.
Its clean energy activities also extend to emerging markets, where the Hivos-Triodos Fonds provided a loan in June to Sun King, the world’s largest off-grid energy company, operating across Africa.
Amandine Tetot, head of energy and project finance at Triodos Bank UK, said: “We’re incredibly proud to secure this top position for the tenth year in a row. Behind these numbers are teams of passionate, committed individuals who work every day to prove that finance can be a force for positive change.
“Being recognised not only for the number of transactions we support, but also for our influence in the market, is particularly meaningful. It reflects our ambition to do more than finance the energy transition – we want to help shape it and drive this transition forward.”
-Ends-
NOTES TO EDITOR
For further information, please contact:
Lauren Ryan, Corporate Communications Specialist,
[email protected] / T: +44 117 980 9654
About us
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
Disclaimer
No fees were paid to Clean Energy Pipeline. It operates a subscription-based data business with no disclosed influence over rankings. Clean Energy Pipeline reflects historical transaction activity only. It is not a forecast, guarantee of future financing levels, or assurance of project-level sustainability outcomes.
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