Clean Energy Pipeline  recently released its new market report about ‘Renewables Infrastructure Investment in Europe.’ Triodos Bank and Triodos Investment Management combined are the most active lenders in the sector in terms of number of deals based on credit, as compared with major institutions such as Banco Santander, European Investment Bank, and Rabobank.

RankFirmNumber of dealsDeal credit ($m)
2Banco Santander512,211
4HSH Nordbank26758
6European Investment Bank131,742
7KfW Bankengrupp131,091
8Royal Bank of Scotland Group101,135
9Credit Agricole8706

In this report, Clean Energy Pipeline examines project finance in European renewables projects, which has hit a five-year high totaling $66.3 billion in 2015. Through statistics and interviews, the report aims to show the complete picture of what the renewables infrastructure investment climate looks like and how it is progressing. In summary, some key points include the growth in offshore and onshore wind projects, which accounted for a combined 64% total investments. Most of the investments in European renewable projects occurred in the UK and Germany. Lastly, 2015 was the highest year for larger M&A activity, meaning larger but fewer deals. The increase in off-shore wind projects has triggered the increase in M&A deals (totaling $20.1 billion) due to the high cost for the projects.

Jacco Minnaar, Director of Energy and Climate at Triodos Investment Management, addresses Triodos’ market position and renewables pipeline within this growing sector: “We are very proud to be the partner of choice for many energy entrepreneurs. We have a long term horizon and often do multiple deals with successful developers. In the Netherlands we see a healthy pipeline and expect many large onshore and offshore wind deals to happen. Solar is really picking up as well as heat pumps. To be able to do deals efficiently we are bundling projects in portfolios and standardizing our approach for small projects. If you look at the climate change goals there is a strong emphasis on using less energy in the built environment and therefore energy efficiency is the next big nut to crack.”

Triodos group has over twenty years of experience of investing in renewable energy. Through the bank branches, Triodos Renewables Europe Fund and Triodos Groenfonds, Triodos Investment Management invests debt and equity across Europe and emerging markets.

A preview of this report can be downloaded here