Mitsubishi UFJ Financial Group (MUFG) has claimed the top spot in Bloomberg New Energy Finance’s 2016 global Lead Arranger rankings for clean energy and energy-smart technologies, according to a release by the company.
During the year MUFG financed 53 clean energy and energy-smart technology projects for a total of US$2.9 billion in credits, which gave it a market share of 6.6%. Many of the company’s largest deals were for wind projects, however it also led financing for SunPower’s 100 MW El Pelicano PV project in Chile, which allow the Santiago metro to be the first public transit system in the world powered mostly by renewable energy.
MUFG also estimates that as of the end of 2016 it is financing renewable energy projects with a combined capacity of over 30 GW.
The bank notes that its 2016 financings are an increase over 2015, when it led 40 deals for $2.6 billion in credits. This puts MUFG in second place, however in 2016 MUFG’s clean energy financings increased 10% while overall investments in the sector decreased 18%.
This is the fifth time in the last seven years that MUFG has placed first among private sector banks.