MUFG today announced 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 league table, MUFG has now placed first among private sector banks for the fifth time in the last seven years.

In 2016, MUFG financed 53 clean energy and energy smart technology projects, totaling $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 $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 by total assets1, ranked No. 1 among all lenders in 2013, and No. 2 among private sector banks in 2011.

Philip Roberts, Co-Head of Structured Finance for MUFG in EMEA said:

“I am delighted that we are the sector leaders once again. MUFG takes great pride in playing such a large role in this emerging area of financing. Through the great work of our clients, these projects promote responsible environmental practices while supporting the growing demand for powering economies around the world."
  • The 588-MW Beatrice Cape Offshore Wind Farm, Phase I and II (UK, $174.9 million);
  • The 573-MW Race Bank Offshore Wind Farm acquisition (UK, $162.2 million);
  • The 253-MW Amazon Wind Farm Texas (U.S., $269 million)
  • The 230-MW Niagara Region Wind Farm (Canada, $627.7 million)
  • The 100-MW Total SunPower El Pelicano PV solar generation facility (Chile, $199 million)
    • The facility will power Metro of Santiago's subway system; and
    • Metro of Santiago will be the first public transportation system in the world to be powered mostly by solar energy.

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 $287.5 billion in 2016.