Deutsche Bank wins Infrastructure Journal Award for "MLA of the Year – Renewables"
Deutsche Bank received the global award for "MLA of the Year – Renewables" at the Infrastructure Journal Awards in London on April 17. Renowned within the industry, the IJ Awards for mandated lead arrangers have been recognising innovation, creativity and key achievements in global financing infrastructure since 2000.
“The volume of deals was certainly down in comparison to former years, but those deals and players that made it through have shown innovation and resilience”, the organisers said in a statement. Separately, new analysis from Bloomberg New Energy Finance shows that annual investment in new renewable power capacity is set to rise to at least $630bn per year by 2030, an increase of 230% driven by further improvements in the cost-competitiveness of wind and solar technologies relative to fossil fuel alternatives. At least 70% of the new power generation capacity that will be added over the next 18 years will likely be from renewable technologies.
In this challenging environment Deutsche Bank financed, structured and advised on the financing of a wide range of renewable projects in Europe and North America, underpinning its strong presence in both markets. Transactions included onshore wind, solar photovoltaic and biomass facilities with a total installed capacity of about 780 Megawatt.
In Europe, particularly noteworthy for innovation and speedy execution is the EUR 125 million financing of a 55 Megawatt photovoltaic park over car park roofs at five automotive manufacturing sites in France which was led by Deutsche Bank.
In North America, Deutsche was Structuring Bank, MLA, Joint Bookrunner and Hedging Bank on a USD 701 million wind financing in California for a 265 MW windpark of one of the continent’s foremost wind developers.
Deutsche Bank is committed to supporting sustainable growth worldwide. The Bank support clients on their path towards a future with less carbon and more reliable energy supplies by advising them in a responsible manner and putting its financial skills for sustainable solutions at their disposal.
“The volume of deals was certainly down in comparison to former years, but those deals and players that made it through have shown innovation and resilience.”