Mitsubishi UFJ Financial Group, Inc. (MUFG,
New York), one of the world’s leading financial institutions, today
announced that it topped the 2016 global Lead Arranger rankings for
financing clean-energy and energy-smart technologies.
By claiming the top spot on the annual
Bloomberg New Energy Finance (BNEF) league table,
MUFG has now placed
first among private sector banks for the fifth time in the past seven
years.
In 2016, MUFG financed 53 clean-energy and
energy-smart technology projects, totaling USD 2.9 billion in credits
for a market share of 6.64%, according to Bloomberg.
These figures represent a year-over-year increase from 2015, when MUFG led 40 deals for total credits of USD 2.6 billion.
In the year-ago standings, MUFG placed second among
lead arrangers for private sector banks after finishing first in 2014,
2012, and 2010. MUFG, the world’s fifth-largest bank in total assets,
ranked No. 1 among all lenders in 2013, and No. 2 among private sector
banks in 2011.
“These rankings acknowledge the solutions-based
services and dedication that MUFG’s project finance professionals bring
to clients in the Americas and all over the world,” said Jonathan
Lindenberg, MUFG’s deputy head of investment banking and head of
structured finance for the Americas.
MUFG was financing renewable energy projects with a total capacity of more than 30 GW
Globally, approximately 41% of MUFG’s total project
finance lending in the power sector goes to renewable energy projects;
in the Americas.
In the Americas, as of December 31st,
2016, MUFG was financing renewable energy projects with a combined
capacity of more than 30 gigawatts – enough to power approximately
10 million U.S. homes.
MUFG’s new investments in renewable energy increased
by about 10% in 2016 compared with 2015, according to Bloomberg,
despite a worldwide 18% decline in the category to USD 287.5 billion in
2016.
Even with the fall in global investments in the
renewable energy industry in 2016, Bloomberg said bright spots included:
a year-over-year increase of 126 gigawatts from 119 gigawatts in
installed capacity of wind and solar power; and, as prices for turbines
fell, an increase in offshore wind power investments – with most of the
projects located in Europe.
source:http://www.solarserver.com
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