The deals incorporate onshore wind, offshore wind, solar, hydro and energy efficiency projects. This is the fourth consecutive year that Triodos tops the league tables, released this week by Clean Energy Pipeline, demonstrating the bank’s commitment to volume of deals rather than simply size of deals.
Itske Lulof, Director Energy & Climate at Triodos Investment Management: "We’re supporting the transition to a low carbon, resilient and balanced energy system that is sustainable and fair. Operating across Europe, we have built up unique experience in renewable energy and energy efficiency finance. As an investment manager, but also through Triodos Bank, we try to provide an informed and flexible funding approach for projects of all different sizes, including smaller or community-level ones that other funds and banks may not be prepared to look at.”
Triodos Investment Management specifically focuses on contributing to the energy transition through its impact investing funds Triodos Groenfonds and Triodos Renewables Europe Fund (see full impact report). More specifically, in 2018, renewable energy financing from Triodos included offshore wind financing and eight energy efficiency projects, including both senior debt and mezzanine debt to energy efficiency projects in Spain. Also, Triodos Bank Netherlands developed an innovative financial structure to finance the battery storage at Wind park Hartelkanaal near the port of Rotterdam.
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.
Clean Energy Pipeline is an online daily news and data service. The complete tables can be downloaded here.