Triodos Investment Management, an impact investing unit of the Netherlands’ Triodos Bank, has announced the launch of the Triodos Emerging Markets Renewable Energy Fund. The fund will deploy senior debt in low- and middle-income countries to support: (1) large-scale energy projects such as “wind, solar and run-of-the-river hydro;” and (2) smaller-scale industrial and commercial projects, such as mini-grids. Some of this will be via third-party renewable energy funds. Triodos Investment Management has raised USD 29 million for the fund from undisclosed sources, and the fund remains open for additional participation from professional investors.
Triodos Investment Management, founded in 1990, is a subsidiary of Triodos Bank. The goal of Triodos Bank is to help individuals and businesses use their money to promote “positive social, environmental and cultural change.” As of 2020, Triodos Bank has EUR 20.3 billion (USD 23.2 billion) in total assets under management and serves approximately 728,000 customers in Belgium, France, Germany, Spain and the UK. Triodos Investment Management reports total assets of EUR 6.1 billion (USD 7.0 billion) as of 2021. In 2020, the company provided debt and equity to approximately 109 financial institutions, which served a total of 18 million borrowers in Latin America, Asia, Eastern Europe and Africa.
By Zachary DeLuca, Research Associate
Sources and Additional Resources
Triodos Investment Management press release
https://www.triodos-im.com/press-releases/2021/triodos-investment-management-launches-new-fund-for-renewable-energy-in-emerging-markets
Triodos Investment Management homepage
https://www.triodos-im.com/
Triodos Bank homepage
https://www.triodos.com/
Triodos Bank 2020 annual report
https://www.triodos.com/binaries/content/documents/tbho/shared/press-releases/2021/annual-results-2020/annual-results-2020/triodoshippo%3AresourceDownload%5B2%5D/triodoshippo%3Afile
Previous MicroCapital article on Triodos Investment Management
https://www.microcapital.org/microcapital-brief-samunnati-borrows-12m-from-fmo-triodos-to-boost-agricultural-producer-organizations-smes-in-india/
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