Scots wave and hydro projects help boost profits at Triodos Renewables

Triodos Bank logoTriodos  – the Dutch bank that lends money to renewable energy projects – has added 80,000 customers in the past year, simultaneously growing profits by 14% to £21.3 million.

Triodos Renewables is a UK public limited company, with over 5,000 shareholders who want their money to make a practical difference in the fight against climate change, and who recognise the long-term business potential of renewable energy.

It works with partners to develop and acquire projects, and invest in innovative companies in the sustainable energy sector. Its portfolio includes 10 operating sustainable energy projects with a total capacity of 53.36 MW producing enough clean, green renewable energy for the equivalent of more than 32,000 homes .

Triodos Renewables has invested in a number of wind farm projects, such as the Haverigg II Wind Farm in Cumbria, a re-powering wind farm project at Caton Moor in Lancashire, a single wind turbine in the Orkneys, and the Beochlich hydro-electric project in Loch Awe, Argyllshire.

Triodos Renewables’ Managing Director, Matthew Clayton said: “We grew our renewable energy generation capacity by 40% in 2013 and generated record levels of green energy.

“We entered 2014 confident and excited about what lies on the horizon and we are delighted to be putting our community of shareholder’s investment to work helping to build the UK’s renewable energy capacity.”

Founded in 1980,Triodos Bank is an independent bank that promotes sustainable and transparent banking. It has branches in the UK, Germany, Spain and Belgium.

Triodos Renewables has 20 years’ hands-on experience in the UK renewable energy sector, building, owning and operating onshore wind farms and hydro-electric projects in a distinct niche in the market between community and utility scale.

Peter Blom, Chief Executive, added: “In 2014 we will focus on the quality and diversification of our loan book. We will concentrate on loans that reflect Triodos Bank’s efforts to finance front-runners in their fields – the entrepreneurs developing the sustainable industries of the future”.

 

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