Triodos Bank tops global table for financing of clean energy projects

Energy & Low Carbon Industry | Financial Services | Funding | South West

Triodos

Triodos 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 N.V. 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.”

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