Triodos, the ethical bank with its UK headquarters in Bristol, has topped a global league table for most clean energy deals executed by a bank for the sixth year running.
With a total of 69 deals across Europe last year valued at $433m (£306m), Triodos took the title of ‘Most Active Lead Arranger’ in the rankings published by independent analyst Clean Energy Pipeline. 
The table incorporates traditional renewables such as onshore wind, solar and hydro, alongside EV (electric vehicle) charging, battery storage and energy efficiency projects.
It is the sixth year running that Triodos Bank has topped the table. Notable transactions by the bank during the year included the financing of Belgium’s largest battery energy storage system, funding a community hydropower scheme in Scotland, innovative finance for EV charging infrastructure in the Netherlands and continued support for solar PV projects in Spain.
Triodos Bank UK head of business banking Gwyn Rhodes said: “We believe that financial institutions such as banks have a critical role to play in financing the transition to a low-carbon future.
“As well as not funding any fossil fuels, we continue to explore innovative ways to positively invest to address the climate emergency.
“To be ranked most active lead arranger in the world demonstrates our commitment to widely distributed energy generation systems rather than simply size of deals.
“Amid the challenges of 2020 we continued to work hard to support the clean energy sector – particularly at a community level – building on our specialist expertise, flexible approach and European reach.”
The deals included lending from Triodos Bank UK, Triodos Bank N.V. and investments made by Triodos Investment Management, a globally active impact investor and wholly owned subsidiary of Triodos Bank NV which specifically focuses on contributing to the energy transition through its impact investing funds Triodos Groenfonds and Triodos Renewables Europe Fund.
Pictured: Lochaline Harbour in Scotland with the community hydropower project Morvolts funded by Triodos Bank
