The world’s most active bank for renewable power acted on $517million in deals last year.
A new report by the Clean Energy Pipeline has ranked Triodos as the most prolific clean energy lead arranger based on the number of contracts finalised. In total, 97 agreements were brokered by the company.
These included onshore wind, solar, and hydro electricity, in addition to battery storage, low-carbon transport and energy efficiency projects. This is the eighth consecutive year Trodos has topped the rankings. Clean Energy Pipeline’s ranking system looks at the deal flows of all institutions involved in clean energy finance.
‘In 2023, Triodos Bank continued to expand its portfolio of small and mid-sized clean energy projects, as we provided support where many traditional financiers would not. With the urgent need to limit our carbon emissions to combat climate change, these initiatives are pivotal in building a more resilient, decentralised energy system,’ said Jacco Minnaar, Chief Commercial Officer ay Triodos Bank.
‘This ranking reinforces our strategic objective to drive the energy transition,’ they continued. ‘By prioritising investments in sustainable projects, we aim to accelerate the shift towards a net-zero society, demonstrating that responsible finance can create lasting positive impacts for both people and the planet.’
In related news, 88% of global bank are unprepared for climate disruption, according to The Top 50 Banks in the World Tackling Adaptation (2024). The first-of-its-kind ranking system also found that European banks are leading in climate preparedness, while the worst performers were all based in the US.
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