• Swindon & Wiltshire Eco
• Tuesday October 28 2025

Triodos Bank leads clean energy financing

Bristol-headquartered ethical bank Triodos has once again been recognised as the most active clean energy arranger in terms of the total number of deals, according to independent analyst Clean Energy Pipeline.

In 2024, the bank facilitated 106 deals, with a total value of $616 million, securing the top position for the ninth consecutive year.

With a portfolio encompassing solar, wind, and other renewable technologies, Triodos remains at the forefront of financing the energy transition.

The projects financed by Triodos Bank spanned a diverse array of clean energy generation and infrastructure initiatives, including traditional renewables such as onshore wind, solar, and hydro, as well as battery storage, low-carbon transport, and energy efficiency projects.

Clean Energy Pipeline’s ranking system offers a comprehensive evaluation of institutions engaged in the renewable energy sector. It tracks and compiles the annual activities of major financial institutions to create a detailed league table of the top clean energy arrangers, focusing on their deal flow in 2024.

Jacco Minnaar, chief commercial officer at Triodos Bank, said: “The ranking underscores our strategic commitment to advancing the energy transition, cut carbon emissions and mitigate climate change.

“In 2024, Triodos Bank expanded its portfolio of small and mid-sized clean energy projects, focusing on providing funding for new technologies.

“We are also backing social innovation such as new models of energy ownership, which is vital for constructing a more resilient and decentralised energy system.

“In a challenging sustainable energy market, we demonstrated that Triodos Bank will continue to step in where many traditional financiers hesitate.”

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.

Notable transactions for the bank in 2024 included the financing of geothermal project Aardwarmte Polanen, which utilises deep geothermal heat to replace natural gas in the Netherlands, and funding battery storage developer Harmony Energy and supporting Solar for Schools in the United Kingdom (pictured).

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 and Triodos Energy Transition Europe Fund.

Some highlights from Triodos Investment Management’s new commitments in 2024 are Grid Beyond, expanding integrated storage, EV charging, and solar PV solutions in Ireland and two major repowering projects of wind turbines in Willem-Annapolder II and Jacobahaven in the Netherlands.