1 May 2018: Triodos Bank, Europe’s leading sustainable bank, has topped the Clean Energy Pipeline Global League Tables by number of clean energy deals for the third year running. Triodos provided finance for 68 deals in 2017 across Europe totalling $698 million (USD). The deals incorporate wind, solar, hydro, energy efficiency and energy storage projects.
Philip Bazin, Energy Sector Lead, Triodos Bank UK, said: “We continue to innovate and diversify, driven by our desire to support the development of a low carbon, resilient and balanced energy system that is 100 per cent sustainable and fair. As a European bank with unique experience in renewable energy finance, we provide flexibility and fund projects of all different sizes, including smaller or community-level ones that many other banks and debt funds are not prepared to look at.”
Financing in 2017 included the Greensky wind project in Belgium for Engie with 16 Vestas wind turbines alongside the E40 highway and a high-speed train railway, three private wire onshore wind turbines for UK green energy supplier Ecotricity and the refinancing of two solar projects in the UK for Spanish developer Gamma Solutions SL.
Bazin continued: “Triodos is also adapting its services as funding and regulation changes across Europe, offering new products such as crowdfunding platforms and strategic relationships and partnerships. Meanwhile, 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 France last year, we financed one of the first wind projects under the new Contract for Difference 2016 scheme.”
Triodos Bank 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. In 2018, Triodos will also be looking 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.
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About Triodos Bank
Founded in 1980, Triodos Bank has become a reference point for sustainable banking globally. Triodos Bank is an independent bank that promotes sustainable 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 branches in the Netherlands, Belgium, the UK, Spain, Germany and an agency in France. Triodos Bank co-founded the Global Alliance for Banking on Values, a network of 46 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 The Nederlandsche Bank N.V. (the Dutch central bank) and The Netherlands Authority for the Financial Markets.
Most recent company information is available on Triodos Bank’s website: www.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.