Date: 2024-12-26 Page is: DBtxt003.php txt00017018
Energy / Finance
Financing Renewables
Triodos named most active global lead arranger for financing of renewable energy projects
Peter Burgess
Triodos named most active global lead arranger for financing of renewable energy projects
Triodos Bank has topped the Clean Energy Pipeline Global League Table for number of clean energy deals in 2018. Triodos provided finance for 78 deals across Europe totalling over $800 million (USD).
The deals incorporate onshore wind, offshore wind, solar, hydro and energy efficiency projects. This is the fourth year running that Triodos has topped the league table, released this week by Clean Energy Pipeline, demonstrating the bank’s commitment to volume of deals rather than simply size of deals.
Philip Bazin, energy sector lead at Triodos Bank UK, said: 'We’re supporting the transition to a low carbon, resilient and balanced energy system that is sustainable and fair. As a bank operating across Europe we have built up unique experience in renewable energy and energy efficiency finance. We try to provide an informed and flexible funding approach for projects of all different sizes, including smaller or community-level ones that other banks and debt funds may not be prepared to look at.'
'Triodos is adapting its services as funding and regulation changes across Europe, offering new products such as crowdfunding platforms and strategic relationships and partnerships. Where new support mechanisms are being developed and launched, we ensure that we are ready to support our customers and the sector; for example, in Spain last year, we financed two subsidy free onshore wind projects.'
Financing from Triodos Bank in 2018 included offshore wind financing and eight energy efficiency projects, including both senior debt and mezzanine debt to energy efficiency projects in Spain. Triodos Bank Netherlands developed an innovative financial structure to finance battery storage at Wind park Hartelkanaal near the port of Rotterdam. Triodos Investment Management, a globally active impact investor and wholly owned subsidiary of Triodos Bank NV, specifically focusses on contributing to the energy transition through its impact investing funds Triodos Groenfonds and Triodos Renewables Europe Fund (see full impact report).
Triodos Bank first entered the renewables market in the mid-1980’s with a focus on wind energy and has since broadened its focus across the wider renewable and environmental sectors. Triodos continues to develop support for energy storage, grid infrastructure, smart meters and heat networks.
In the UK, Triodos Bank has launched a unique new patient capital product aimed at helping community organisations to acquire, build and own renewable energy assets for the benefit of their local communities.
Clean Energy Pipeline is an online daily news and data service. The complete tables can be downloaded here.
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For further information, please contact: Ed Grattan T: 0117 311 0291 / 07817 413792 ed.grattan@triodos.co.uk
About Triodos Bank NV
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. It does not see any conflict between a focus on people and the planet and a good financial return. Instead it believes that they reinforce each other in the long-term.
Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain, Germany and France 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 54 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).
Most recent company information is available on Triodos Bank’s website: triodos.com
About Clean Energy Pipeline
Clean Energy Pipeline, the online daily news and data service, is the leading independent source of news, data and analytics about the Clean Energy sector. The news team delivers real-time business news and identifies the latest and most relevant regulatory and policy announcements, investment, M&A and project finance news, new funds and fund closes. This news is supplemented with opinion-pieces based on in-depth interviews with senior-level executives, advisers, investors and policy-makers.
cleanenergypipeline.com
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Press Release11 July 2019 Press contact Ed Grattan PR and Communications Manager Send an e-mail +44 7817 413792