Triodos Bank has been named as the most active clean energy lead arranger by total number of deals in the past year.
The top spot was achieved after the Dutch bank acted on 140 deals in 2022, with a total deal value of over $0.5bn US dollars ($504m), incorporating traditional renewables such as onshore wind, solar and hydro, alongside EV charging, battery storage and energy efficiency projects.
Notable transactions for Triodos in 2022 included the construction of the largest solar thermal park in the Netherlands, community energy and e-bike infrastructure projects in the UK and PV solar plants in Spain.
The ranking was tracked by independent analyst Clean Energy Pipeline, which has collated the activity of major financial institutions to create a comprehensive league table of the top clean energy arrangers.
The report aims to showcase the top lead arrangers in the clean energy sector, highlighting the number of deals that banks help to finance, as well as the total deal value in the renewable energy project finance sector.
“It has been clear to us for decades that energy systems need to shift from being fossil-based and large scale to clean energy that is accessible and affordable for everyone,” said Triodos Bank chief commercial officer Jacco Minnaar.
“Financial institutions such as banks have a critical role to play in committing to this transition to a low-carbon and more energy efficient future.
“Triodos Bank financed the first wind turbine in the Netherlands in 1986 and now has many years of unique experience in renewable energy finance.
“We provide funding to small and mid-sized projects that are often community-based and that many other banks might not be prepared to look at. These will be critical to creating resilient and balanced energy generation systems that are sustainable and fair.”
The Clean Energy Pipeline analysis included lending and corporate finance from the retail banking arm of Triodos Bank NV, and investments made by Triodos Investment Management.
Triodos Bank has been operating in Europe for over 40 years. The bank 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.
