Financing renewable energies locally
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.
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.
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.