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Financing renewable energies locally

Financing renewable energies locally - Crédit Agricole

1st

banking group financing renewable energies in France

 

THE ISSUE 

A broad range of alternatives to fossil fuels exists today, including solar power, wind power, anaerobic digestion and new energy transport and distribution infrastructures. Increasing the share of these green energies in our overall consumption hinges on considerable investments in R&D and infrastructure by all the players involved. 

OUR RESPONSE

Through its strong territorial coverage, expert subsidiaries in international markets and insurance activities, Crédit Agricole today is a standard-setting player in the financing of renewable energies (RnE). The bank had financed the installation of 20,5 GW of RnE worldwide at end-2015, the equivalent of the annual consumption of 10.1M French households.

Unifergie, a subsidiary specialised in the energy and environment projects of  Crédit Agricole Leasing & Factoring, provides financing and advice to the Regional Banks and their customers.

Crédit Agricole CIB innovates on the markets with a view to developing RnE. One of its specialties is structuring green bonds for companies, local authorities and financial institutions. Crédit Agricole CIB arranged nearly $17.5bn in sustainable and green bonds for its key accounts.

Amundi is also innovating, having created a fund management company in partnership with EDF, Amundi Transition Energétique, to propose alternative investment products through which investors contribute to RnE financing.  In parallel, its ""Amundi Valeurs Durables"" fund, which invests in European companies favouring sustainable development, now has some €182 million in assets under management. 

 

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Unifergie is an expert subsidiary that has worked in energy and environment project financing for over 20 years. It has supported the development of RnE in France and is rolling out its commercial offering focused on energy efficiency.

Christine Delamarre,Deputy CEO of Unifergie Auxifip, Crédit Agricole Leasing & Factoring