The projects that Triodos Bank financed covered a broad range of clean energy generation and infrastructure projects, including traditional renewables such as onshore wind, solar and hydro, as well as battery storage, low-carbon transport and energy efficiency projects.

The Clean Energy Pipeline report highlights Triodos Bank's significant investments in renewable energy initiatives, showcasing the bank’s dedication to supporting projects that drive environmental sustainability. With a portfolio that includes solar, wind, and other renewable technologies, Triodos Bank continues to be a frontrunner in financing the energy transition.

Clean Energy Pipeline’s ranking system provides a detailed evaluation of institutions involved in the renewable energy sector. It tracks and annually collates the activity of major financial institutions to create a comprehensive league tableof the top clean energy arrangers, focusing on their deal flow in 2024. 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.

Jacco Minnaar, chief commercial officer at Triodos Bank, said: "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 systemThis ranking reinforces our strategic objective to drive the energy transition. 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.”

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.

Some notable transactions for the bank in 2023 included financing the expansion of shared e-bike operator Forest, working towards energy neutrality for the Dutch village of Terheijden, supporting a 500MW clean energy development in Spain, and funding photovoltaic rooftop installations for the Université Libre de Bruxelles.

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 Triodos Groenfonds, Triodos Energy Transition Europe Fund and Triodos Emerging Markets Renewable Energy Fund.

On a global scale, Triodos Bank also financed the construction of 24 photovoltaic plants in Chile; and solar parks in Rwanda, Madagascar, and the Dominican Republic during 2023.

Financing the energy transition aligns closely with Triodos Bank's strategy, which is based on five transition themes: energy, food, resources, society, and well-being. The energy transition focuses on promoting sustainable energy solutions. The food transition supports sustainable agriculture and food production. The resources transition emphasizes a circular economy, where resources are reused and recycled. The society transition fosters healthier and more inclusive communities by supporting social enterprises. Lastly, the well-being transition enhances the overall quality of life by investing in projects that improve mental and physical health, education, and cultural development.

-Ends-

Notes to editors:

For further information and photography please contact:

Ellie James
T: 0117 311 0241
[email protected]

    About Triodos Bank  

    Founded in 1980, Triodos Bank has become a frontrunner in sustainable banking globally. As an independent bank that promotes responsible 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 banking activities in the Netherlands, Belgium, the UK, Spain and Germany as well as Investment Management activities based in the Netherlands but active globally. Triodos Bank co-founded the Global Alliance for Banking on Values (GABV), a network of sustainable banks. Together these banks want to grow sustainable banking and its impact on the real economy substantially.  

    Triodos Bank UK Ltd is a wholly owned subsidiary of Triodos Bank NV. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales Company No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008. VAT reg no 793493383.