Triodos Bank once again tops the Clean Energy Pipeline Global League Table for number of clean energy deals. Triodos provided finance for 73 deals in 2019 across Europe, worth a total $630 million (USD). The deals incorporate onshore wind, offshore wind, solar, hydro and energy efficiency projects.
This is the fifth year running that Triodos has topped the league table, released this week by Clean Energy Pipeline, demonstrating the bank’s commitment to volume, rather than simply size, of deals.
Operating across Europe, Triodos has built up unique experience in renewable energy and energy efficiency finance. Both Triodos Bank and Triodos Investment Management 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.
Notable transactions for the bank in 2019 included the financing of a 10MW battery storage project co-sited and connected to an existing 24MW onshore wind project in the Netherlands; the financing of energy service companies (ESCOs) supplying sustainable cooling and heating in the UK and the Netherlands; a first-of-a-kind financing of a District Heating project via Project Finance in Spain and the development of an innovative financing product for the German rooftop PV market.
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 impact investing funds Triodos Groenfonds and Triodos Renewables Europe Fund (see full impact report).
This year, Triodos Bank celebrates 40 years of operating in Europe. It first entered the renewables market in the mid-1980s 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 (a subscription is required to view in full).